From Yahoo Finance: 2025-06-04 08:35:00

Rowdy Mermaid, a US functional beverage company, has been acquired by investors including Next in Natural and strategic investors KarpReilly and Sapient Stews founder Luke Comer. The deal, for an undisclosed sum, aims to enhance Rowdy Mermaid’s growth capabilities from production to marketing.

Jamba Dunn and Erin Donnelly, founders of Rowdy Mermaid, will retain their positions after the acquisition. The company owns the Good Mood Soda brand fortified with ashwagandha and a line of organic kombucha drinks.

Rowdy Mermaid is committed to creating beverages with functional plant medicine and sustainably sourced ingredients, aligning with Next in Natural’s values. Jeff Lichtenstein, CEO of Next in Natural, has been appointed chairman of the board to help scale the brand.

Kristine Laurel, COO of Next in Natural, highlighted the shared services platform that will help Rowdy Mermaid thrive with comprehensive support. The investment follows Next in Natural’s acquisition of a majority stake in Aura Bora, a sparkling water manufacturer from San Francisco.

Aura Bora makes canned sparkling waters with herb, fruit, and flower flavors using cold-force carbonation and reverse-osmosis filtration. The company claims its beverages are free of PFAS and citric acid.



Read more at Yahoo Finance: Kombucha firm Rowdy Mermaid bought by investors led by Next in Natural