Nick Caporella
Overview
- Source of Wealth
- Beverages
- Industry
- Food & Beverage
- Residence
- Plantation , Florida
- Marital Status
- Married
- Children
- 4
Assets
- National Beverage68,495,000 shares @ --FIZZ-US
Biography
Nick Caporella is the chairman and CEO of National Beverage, which he founded in 1985; it's best known for its LaCroix brand of sparkling water.
The Pennsylvania native started out as a contractor and worked as the CEO of telecom firm Burnup & Sims before founding his soft drinks business.
He kickstarted National Beverage by buying soda brand Shasta, then later added LaCroix to the portfolio in 1996.
The Fort Lauderdale, Florida-based company, which trades under the ticker FIZZ, has faced increased competition from rivals like PepsiCo and other brands selling flavored fizzy water.
About
Caporella got his first taste of success in construction, where he reportedly scraped together $250 for a down payment on a used dragline excavator in 1957.
Burnup & Sims acquired Caporella's contracting business in 1972, and he was tapped to become the CEO just four years later.