Mizkan America acquires Zing Zang LLC

Transaction overview

Mizkan America acquired Zing Zang, LLC on July 10, 2025, but the financial terms of the deal were not disclosed. Founded in 1997 and headquartered in Chicago, Zing Zang is a leading brand in the U.S. non-alcoholic cocktail mix market, offering varieties such as Bloody Mary, Margarita, Michelada, and Piña Colada. The company's products are distributed across more than 300,000 retail and foodservice points of sale nationwide.

Deal structure and financing

The acquisition was advised by Spayne Lindsay & Co. for Mizkan America and Jefferies for Zing Zang. Legal counsel was provided by Latimer LeVay Fyock LLC on the acquirer's side and Choate, Hall & Stewart LLP for the target company. The financial details of the deal were not revealed, but it is known that NexPhase Capital had held Zing Zang since 2016.

Strategic context

Mizkan America’s acquisition of Zing Zang reflects its strategic intent to expand in the U.S. non-alcoholic beverage market, particularly focusing on cocktail mixes. This move aligns with Mizkan's global strategy to enhance its presence in the growing category of ready-to-drink beverages. NexPhase Capital, which had invested significantly in building Zing Zang into a national brand since 2016, divested the company as part of its portfolio management approach. Under NexPhase’s ownership, Zing Zang expanded from a single product to a diversified range and enhanced its distribution network.

Regulatory path

The deal did not require regulatory approvals in jurisdictions such as the U.S. or EU due to the nature and size of the transaction within consumer goods categories that do not typically raise antitrust concerns. The companies have indicated that no significant remedies were required for closing, reflecting a straightforward process given Zing Zang’s market position relative to competitors.

With its expanded portfolio of products and strengthened distribution network, Zing Zang is well-positioned under Mizkan America's ownership to continue growing in the U.S. non-alcoholic cocktail mix sector.