Innocent Drinks operational control. As a result of the takeover, Ethical Consumer magazine reduced their ethical rating for the company from 12.5/20 to 6.5/20. In April 2010, Coca-Cola increased its stake in the company to 58% from 18% for about £65 million. In February 2013 Coca-Cola increased their stake to over 90%, leaving the three founders with a small minority holding. In June 2016, the drinks company reported a sales surge thanks to new products such as coconut water and vegetable smoothies. These new products contributed £28m to sales. Revenues reported for last year were £247.4m, a 13% increase on the previous
Silver Spring Soft Drinks purchased by venture capital firm Privet Capital and renamed as Silver Spring Soft Drinks Company Ltd, which continued the sale of the Silver Spring products. Silver Spring Soft Drinks Company Ltd in turn entered administration in October 2012, with production ceasing in December 2012 ahead of the company being finally wound up. Drinks company CBL Drinks acquired Silver Spring's former brands in 2013. Silver Spring products were commonplace throughout Kent, and many (including its 'Perfectly Clear' flavoured water range) were distributed nationwide. Certain lines were, however, distributed only in Kent, thus the company had a very local feel to it.