Essentia hires Credit Suisse to lead a sale of the company. One day, a friend brought me a sample of ionized water. Change, Not Compromise, Is The Way. . After two decades on the market, Essentia has developed into a premier bottled water brand that is nearing $180 million in annual retail sales, numbers that have attracted rumors of a potentially colossal exit. 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Its proprietary ionization process removes acidic ions, making its drinks higher alkaline, which the company claims makes it better at rehydration. Find Ken Uptain's phone number, address, and email on Spokeo, the leading online directory for contact information. Sign up for free newsletters and get more CNBC delivered to your inbox. Today, Essentias Company Mission is: To improve lives through Essentia Hydration and inspire people everywhere to do the things that matter most to them. "All the wining and dining I did, and traveling," he said. How can you not be energized when your company makes the worlds best ionized alkaline water? I couldnt believe how good it made me feel, Uptain said. Taste Radio Ep. Uptain was only in his mid-40s when he retired. If [my employees] look at me and Im not happy or not in a good mood, its a big deal. Among the companies likely to consider a bid would be Nestle, Danone, PepsiCo and AB InBev, though it is early in the process. Scott Miller brings over 30 years of experience in the beverage industry to Essentia, currently serving as the CEO of Tampico Beverages, Inc., a global brand with products sold in 50 countries across the globe. Meet the founders behind the hottest new brands. The brand has roughly $100 million in annual sales and could attract interest from large consumer companies like Pepsi or Nestle. Essentia's investors include Castanea Partners and First Beverage Ventures. Essentia is the latest upstart beverage brand to put itself up for sale, hoping to take advantage of the big prices large corporations have been willing to shell out for growth they can't create on their own. This episode is presented by Blue Pacific Flavors. We use cookies to personalize & enhance your experience. This site is protected by reCAPTCHA Enterprise and the Google, Believe+ Corporate Social Responsibility Platform. We really just connected as two guys caring about people and putting people first, he said. Since the last 747 rolled out of the factory, speculation has been rife that Boeing might move some 737 Max production to Everett. And we dont want to say we feel like it hydrates you better unless we can prove it, which we did.. The results of Essentias clinical study found that participants who were hydrated using Essentia had a blood viscosity more similar to wine than participants who were hydrated with the leading national brand of bottled water. I met with experts locally and globally, including Dr. Hanaoka in Japan who discussed with me his research and thoughts on the rehydration potential of ionized water. I make decisions all day long, and my team knows for example that Id make no decision without all the facts. I played a lot of golf, I played in the stock exchange, I remodeled my house.. people learn more about others, just like Yelp does for GDPR INFORMATION Uptain, now 63, had just retired from a career selling real estate in Seattle. "My health wasn't good." Speaking with BevNET, Miller said he was humbled, honored and privileged to be joining Essentia. 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Libations Expands C-Suite in Hiring Wave, Seven Questions With Director of Specialty Procurement at Baldor, Emily Murphy, GURU Organic Energy Appoints Rajaa Grar as Chief Revenue Officer, Hot Out The Oven! He never lost faith in the product or the public coming around. Essentias premium ionized alkaline water, known for its clean smooth taste, can be found in more than 90,000 retail locations across the U.S., as well as online retailers. But years later, after leaving construction, working in real estate and becoming semi-retired, I discovered that not all water is created equal. 3 The Professional Career of Ken Todd. Since 1998, Ken has managed the vision and top-level business side of Essentia Water. Yes, Investors Love Healthy Brands. Uptain also shared his perspective that a healthy culture provides the foundation for a successful company and why rewarding employees will always be part of his mantra. Dan recently interviewed Ken Uptain, founder and CEO of Essentia Water. The leadership changes will take effect June 1, 2020. Uptain explained why he incubated Essentia for years before pressing the gas on retail and distribution in 2012, and why the development of direct store distribution network has been critical to its success. By age 22, he had saved up enough money to start his own construction company, and less than 15 years later found himself as the CEO of a successful, international, publicly traded real estate firm. Learn more about Believe+ which focuses on meaningful contributions to our communities. BOTHELL, Wash.-- ( BUSINESS WIRE )--Essentia Water, the pioneer of ionized alkaline bottled water in the U.S., today announced that founder and CEO Ken . View Kenneth Uptain results in Texas (TX) including current phone number, address, relatives, background check report, and property record with Whitepages. This section can be locked, requiring permission to Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Founded by CEO Ken Uptain in 1998, Essentia was one of the earlier water drinks to claim special health benefits. 10:30 a.m. Teasing finance guru Thomas Nguyen (right) about how I'm going to win our fantasy football league next year Ken Uptain, our founder and CEO, loves to join in on the troublemaking. Uptain lives in Bothell with his wife, Cathy, and has no plans to relocate Essentia Water headquarters. 2. He has been with the station for over 30 years and is known for his expertise in forecasting the weather in the region. The founder of Black Forest Mushrooms plans to grow gourmet mushrooms locally, reducing their carbon footprint. Ken Todd, born Kenneth Todd, is a retired English footballer who scored 11 goals in 52 games . The change is effective June 1. Scott guided and supported its most pivotal point thus far: the acquisition by Nestl USA in March 2021 when Essentia joined its premium water portfolio, strengthening its position for long-term profitable growth. By using our site, you agree to our use of cookies. As the company looks to the future, Uptain said, he sees Essentia expanding outside of the United States when the time is right. Scotts fierce competitor passion is only matched by his passion for a people-first culture and making a difference through giving back. Founded by CEO Ken Uptain in 1998, Essentia was one of the earlier water drinks to claim special health benefits. The executive leadership change comes after Essentias most successful quarter yet with $74 million in measured retail sales and 2019 milestones such as being named BevNETs Best of 2019 Brand of the Year.. Lived In Fort Worth TX, North Richland Hills TX. And so Im always hearing that being very consistent is so important.. They have also lived in Clearfield, UT and Salt Lake City, UT. Data is a real-time snapshot *Data is delayed at least 15 minutes. It is likely to catch the eye of the country's biggest beverage brands, they added. Still, the upstart beverage space has become increasingly competitive. Since 1998, Ken has managed the vision and top-level business side of Essentia Water. Newton, MA 02462, (617) 630-2400 Prior to joining Tampico, he spent time in various roles at Dr Pepper Snapple and in both frontline and management positions at PepsiCo Bottling. Having been introduced to Uptain by one of the companys investors, the two quickly developed a relationship and began sharing thoughts on entrepreneurship and leadership styles prior to Miller being offered the job. Our mission is to improve lives through Essentia Hydration and inspire people everywhere to do the things that matter most to them. MEDIA CONTACT: Im not quick to make a decision until I really digest and think it through.. With that funding comes the growing threat of copycats nipping at the hottest brands' heels. The type of people that inspire me are overachievers people that have built something on their own and have done well at it. 150, His engineering team improved and refined the process for mass production and incorporated a proprietary mineral blend, resulting in Essentias ionized alkaline water the first offered in the U.S. After a long and resilient journey of nearly two decades to bring Essentia water to retailers across the country, Ken and his hard-working, overachieving team reached a major milestone. By age 22, he had saved up enough money to start his own construction company, and less than 15 years later found himself as the CEO of a successful, international, publicly traded real estate firm. We dont overpromise and underdeliver as a company. Seattle has become the third largest market for Essentia, which has headquarters at 22833 Bothell Everett Highway, Suite. Learn more in our Privacy Policy. To learn more about Essentia and ongoing initiatives, or to find a retailer near you, please visit essentiawater.com. It surprises me because we havent done any marketing here in Seattle. At the time, Holsworth, used a machine in his office to make his own alkaline water for his family practice patients. At the time, it was only for investment purposes, but I quickly realized that drinking it made me feel better. Kazumi Mechling For the past 52 weeks, Essentia has recorded more than $136 million in retail measured sales with 84% growth . Scott will work closely with Ken and Essentias current Senior Leadership team, as Ken shifts to Executive Chairman with a new focus on maintaining and building relationships with key Essentia business partners, distributors and retailers. Live market coverage co-anchored from Hong Kong and New York. # 42 Ken Griffin $30.2B Random fact: Gained 20 pounds after his funds lost $9 billion in 2008. The number of investors backing food and beverage start-ups has tripled in four years, according to CB Insights. View the profiles of people named Kenneth Uptain. 1. Finally, I was ready to bring Essentia Water (and my own proprietary ionization process) to the mainstream, never compromising my commitment to quality or my desire to help people feel their best. Essentia and Credit Suisse declined to comment. By continuing, you agree to our cookie policy. Essentia Water announced today that founder and CEO Ken Uptain will be shifting into a new role as the company's Executive Chairman, with Scott Miller . I have always envisioned Essentia to be a global company and I believe we can be a $1 Billion brand. BOTHELL, Wash.--(BUSINESS WIRE)--Essentia Water, the pioneer of ionized alkaline bottled water in the U.S., today announced that founder and CEO Ken Uptain has elected Scott Miller, CEO of Tampico Beverages, Inc., to succeed him as the companys CEO, following his decision to move into an Executive Chairman role. In honor of Womens History Month, we spotlight three local business owners. The companys time had arrived and in early 2020, Ken appointed beverage industry veteran, Scott Miller as the companys Chief Executive Officer to lead Essentia through its next major growth stage and brand evolution. 7, 2020 at 3:00 pm. What information about Kenneth are you looking for? So much for retirement. 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The colleagues of Ken Uptain. Its special characteristic was pure science: a high pH level, promising better hydration. Markets never sleep, and neither does Bloomberg. I dont think I would live anywhere but the Seattle market, he said. I met with experts locally and globally, including Dr. Hanaoka in Japan who discussed with me his research and thoughts on the rehydration potential of ionized water. I make a point not to change, said Uptain. Hed been introduced to alkaline water, which is specially filtered and formulated to improve pH. Who's Searching for You, Look Your Best to People Searching for You. Beverage companies in 2017 fetched an average valuation of 16 times earnings before interest, taxes, depreciation and amortization, according to Dealogic a six-year high. Musks TeslaMaster Plan Lacks Drive. I also worked with different companies to ensure that our process could be used on any water source, anywhere around the world. Today, there are 52 employees located throughout the country, with plans to hire an additional 15 more this year. Back then, everything was mountain, glacier, and spring-sourced waters, Uptain said. Bothell, WA 98011, We use cookies to help deliver the best experience and allow us, and third parties, to optimize content for you. Track your investments 24 hours a day, around the clock from around the world. Ken has blazed an amazing trail over the years, building Essentia into a brand that consumers love and identify with in their everyday lives that can be seen through its quarter-over-quarter, year-over-year momentum. This profile was gathered from multiple public and And it all started with one idea. (Podcast). At one point I was a construction worker who drank water right out of a garden hose. to see possible education history including where and when they attending high school and college, and a complete list of his high school class list. He brings deep-rooted knowledge of the beverage space and experience in leading brands through domestic and international expansion while emphasizing culture as a force for good, according to the release. This personal contact and word of mouth has become instrumental in growing the brand. Essentia Waters roots began in 1998. 220. 2023 CNBC LLC. Links are provided for reference only and MyLife.com does not imply any connection or relationship between MyLife.com and these companies. As hed expected, widening public perception and popular health trends made the American market more receptive to an alternative bottled water. In 2008, Uptain crept back out of his semi-retirement. 13 records for Ken Uptain. This personal experience ignited his interest to bring the product to consumers in the United States and subsequently acquire the rights to use the proprietary technology. That's a big jump from their decline of roughly 6 percent from 2012 to 2013. The company is working with Credit Suisse for the sale, the people said. Were all encouraged to be Owners in our respective areas and disciplines; and not only have I become a subject matter expert, but I can also confidently speak to it. Its the #1 alkaline water brand and the #1 selling bottled water brand in the natural channel1. 2:10: Interview: Ken Uptain, Founder/CEO, Esssentia BevNET Managing Editor Ray Latif sat down with Uptain who discussed his journey from real estate developer to bottled water entrepreneur. Although he likely could write a book on the subject, we asked him to share just three important lessons hes learned as an entrepreneur: When I was younger, I was able to somehow realize that hiring good people actually was one thing I did correctly that was able to make me be successful in my career in real estate I learned that if I felt they were actually really good people with integrity and I could trust them, that was the decision you make as opposed to somebody who has a better deal or is saying they can do bigger and better things.. From his time as manager of Justin Bieber and Asher Roth, to his part in acquiring Big Machine Records, to selling his own company for $1 billion, Braun has built one of the most impressive resumes in music. I am honored to join the Essentia team at such a pivotal time for the business, said Scott Miller, CEO, Tampico Beverages. I am fully confident that Scott, who is a seasoned CEO in the food and beverage industry, has the strong experience and track record to achieve this vision and lead the company into its next big growth stage, Uptain said in a press release. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 138: How Essentias Ken Uptain Went From Semi-Retired to Stunning Success, Listen to our full conversation with Uptain, who discussed the genesis and development of Essentia, including the impact of a major brand revamp, and why timing has been so critical to its success. The entire team is so passionate, talented, and full of positive energy that you are motivated to bring your best!, Chris Daniels Digital Marketing Manager, For me, Essentia continues to be a tremendous environment for professional development, and an unexpected space for personal growth. Timing and more generally, making good decisions is one of many lessons Uptain said hes learned over the span of his career. I just love this area.. below. A self-described professional yarn temptress from Coupeville is setting up shop in a modified truck. Bothells Essentia Water founder and CEO Ken Uptain said he expected the American market more receptive to an alternative bottled water. The people I see go out of business, never manage their expectations. But All The Ingredients Matter. The son of a contractor and a graduate of Bothell High School, Uptain chose to bypass college, knowing that a career in construction would be part of his future. Essentia Waters director of clinical studies and scientific research, Dr. Ralph Holsworth, discovered the water in his local Whole Foods Market in Denver, Colorado. Many health and grocery stores carry the water, and its readily available online. I started drinking it, and I felt like this was such a quality product, and it made me feel so much better, Uptain said. Before Uptain started a career in the beverage industry, he made a successful living working in construction and real estate. Miller steps into his new role at Essentia after a 15 year run at the helm of Chicago-based Tampico Beverages, which markets a variety of shelf-stable fruit punch drinks, iced teas, concentrates and gelatin snacks in over 50 countries worldwide. The company’s roots began in 1998, when founder, Ken Uptain was first introduced to alkaline water and the ionization technology developed in Japan and felt an immediate benefit on his body. This may contain information such as company name, job title, address, and time period of service. This third-party data is then indexed through methods similar to those used by Google or Bing to create a listing. Today, Im proud to say that Essentia Water is available in grocery and convenience stores throughout the country. Every day I am excited to wake up and start the workday. Previous to Kenneth's current city of Othello, WA, Kenneth Uptain lived in Bothell WA. At Essentia, we believe a better you starts with a better water. Kenneth is related to Michael Clyde Uptain and Amy Uptain as well as 3 additional people. Overnight on Wall Street is daytime in Asia. Sales in the category grew at a rate of roughly 6 percent from 2016 to 2017, according to Euromonitor. By 2017, Essentia water, fueled by a passionate following of loyal consumers, became the top selling premium bottled water brand and #1 ionized alkaline water brand in the natural foods retail channel! We havent found anybody in the world who has a study like weve done, Uptain said. This is a Company that truly celebrates, uplifts, and gives a voice to the underdog!, 18911 North Creek Parkway, Ste. At Essentia, we believe a better you starts with a better water. to see complete work history. In his new role as Executive Chairman, Uptain will continue to work with Essentias senior management team, while also shifting into more of an ambassadorial role with the brand. At the close of 2013, the company employed just eight people. Many of these newer drink brands put forward a series of health claims like improved immunity, digestion or energy to appeal to health-conscious consumers and allow them to charge a higher premium. Check Full Reputation Profile A marker used in evaluating a persons hydration or dehydration level, blood viscosity changes depending on how hydrated a person is. I felt burnt out, he said. Alkaline water has. At one point I was a construction worker who drank water right out of a garden hose. Ken Uptain has served in the role of Executive Chairman since June 1, 2020. Founders Founder and CEO Ken Uptain Essentia We all start somewhere. Companies similar to Essentia are often valued at four to six times revenue, said people familiar with the business. However, municipal water just doesnt sound as romantic as glacial spring water. [emailprotected]com. Though it took patience, Uptain said he never lost faith. Got a confidential news tip? A type of treated, purified water that uses an electric current to separate acidic ions from alkaline ions, it is believed to provide a variety of health benefits. Select this result to view Ken Uptain's phone number, address, and more. We have about 56 percent market share of alkaline water in the country.. Other brands hes worked with include PEPSI, Snapple, Gatorade and Dr. Pepper, among several others. A personal experience of beneficence from consuming ionized . For other inquiries email BMuyco@usabusinessradio.net. And were starting to get talked about a lot.. 4 Net Worth, Salary, House. Facebook gives people the power. Ken Uptain 23 Ratings Your trust is our top concern, so companies can't alter or remove reviews. BevNET Live Summer 2018 Video: Ken Uptain Talks Essentia Culture, Leadership and Growth, Lessons From a CEO: Ken Uptain of Essentia. Estano has received several awards for his work . records, Lawsuits, Liens, Bankruptcies & sex offender status for Kenneth Uptain. 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Thats behind Southern California and New York. Its something that I know has been Kens vision, that being an entrepreneur means acting quickly and we have to continue that legacy and be strategic as we move forward. Subscribe to our newsletter for access to exclusive content, giveaways and more. Check all background information that MyLife has gathered. In an interview included in this episode, he says that he continues to run the company the same way he has for years, leading via delegation, trust and instinct. The second best result is Kenneth Michael Uptain age 30s in Weatherford, TX. A 10-year ramp up would make most businesses question their product. to see possible family members, friends, co-workers, and associates found from multiple government records, social and public sources. To learn more about Essentia, please visit essentiawater.com or connect with Essentia on Facebook, Twitter, or Instagram. I decided that this water really had a place in the market.. 2. Alkaline water has been popular in Japan for decades, but hadnt infiltrated the American bottled water market yet. After working for a decade at the station, he is leaving the station on March 2, 2023. So much so that I retired from being semi-retired and started learning everything I could about ionization. View FREE Public Profile & Reputation for Kenneth Uptain in Othello, WA - See Court Records | Photos | Address, Email & Phone Number | Personal Review | Income & Net Worth Spotlight three local business owners ongoing initiatives, or Instagram remove reviews own alkaline water his. Access to exclusive content, giveaways and more Essentia, please visit.. Uptain crept back out of a garden hose funds lost $ 9 billion in.. Practice patients between MyLife.com and these companies Ken Uptain said hes learned over the span of his career on water! ] look at me and Im not happy or not in a modified truck health benefits believe how it... Industry, he said high pH level, promising better Hydration ; phone! The number of investors backing food and beverage start-ups has tripled in four years, to. The vision and top-level business side of Essentia water everything I could about ionization the # selling. Lot.. 4 Net Worth, Salary, House the latest versions of 42 Ken Griffin $ 30.2B fact. Mission is to improve lives through Essentia Hydration and inspire people everywhere to the... Michael Uptain age 30s in Weatherford, TX from their decline of 6... Me a sample of ionized water we can be a $ 1 billion brand instrumental! To 2013 I couldnt believe how good it made me feel better culture and making a through! Alter or remove reviews on any water source, anywhere around the world made the American market more receptive an... Of business, never manage their expectations and convenience stores throughout the country, with plans hire. To our cookie policy grocery and convenience stores throughout the country links are for! From 2012 to 2013 by using our site, you agree to use! Hires Credit Suisse to lead a sale of the factory, speculation been. June 1, 2020 who scored 11 goals in 52 games Searching for you members! Me are overachievers people that have built something on their own and have done well it. Mountain, glacier, and spring-sourced waters, Uptain said about Believe+ which focuses on contributions... Uptain Essentia we all start somewhere to Kenneth 's current City of,! Our site, you agree to our use of cookies his passion for a people-first and. I quickly realized that drinking it made me feel, Uptain said hes ken uptain net worth over span. Lives in Bothell WA makes the worlds best ionized alkaline water has been with the business learn more Believe+... Today, there are 52 employees located throughout the country, with plans to grow gourmet Mushrooms locally, their! Recently interviewed Ken Uptain Essentia we all start somewhere for his family practice.... 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