The ‘Real’ Story Behind Spindrift’s Stunning Success

Even after 15 years and a majority sale – reportedly valued at over $650 million – of the company he founded, Bill Creelman remains convinced that Spindrift is just at the beginning of a “real” revolution.

Since launching Spindrift in 2010, Bill has built the brand into a powerhouse, generating nearly $300 million in annual retail sales, according to Nielsen IQ. Spindrift is known for its sparkling water made with real fruit juice and purees, with no added sugars or added flavors. The brand has expanded its portfolio to include hard seltzers and, more recently, a mid-calorie soda line that harkens back to Spindrift’s original mission of delivering authentic, high-quality beverages.

Earlier this year, private equity firm Gryphon Investors acquired a majority stake in Spindrift. As part of this transition, veteran CPG executive Dave Burwick stepped in as CEO, while Bill now serves as chairman of the board. Together, Bill and Dave are leading Spindrift into its next chapter, one focused on real ingredients and sustainable growth.

For Bill, the future is full of endless possibilities. As he shared in our conversation, “The most surprising part is realizing just how much further we can go.”

In this episode, Bill and Dave dive into the importance of staying true to a vision, executing it with patience, and creating a brand that resonates with today’s conscious consumers. They explore how ambition, when guided by intentionality, leads to real, sustainable growth. Bill and Dave also discuss why Spindrift’s innovation strategy is grounded in the belief that the world is ready for beverages that prioritize quality, transparency, and authenticity.

Show notes:

0:25: Interview: Bill Creelman, Founder & Dave Burwick, CEO, Spindrift – Bill and Dave reflect on Spindrift’s journey since its inception in 2010, starting with refrigerated sodas in iconic longneck glass bottles, and how the brand is now revisiting its origins with a new line of canned sodas. They discuss Spindrift’s premium positioning and its ability to maintain a higher price point in an increasingly crowded market, emphasizing why consumers are willing to pay more for a product that delivers authenticity and exceptional quality. The founders attribute the brand’s ability to uphold its integrity and solidify its market position to its unwavering commitment to real ingredients and flavor innovation. They also explore the concept of "refreshment" in the beverage space, discussing untapped potential within Spindrift’s core business and the vital role of strategic partnerships, like Gryphon, in fueling the brand’s sustained growth. Reflecting on the company’s progress, Bill acknowledges the challenges they've faced, emphasizing the importance of staying true to their vision during difficult times and remaining focused on long-term success.

Brands in this episode: Spindrift, Olipop, Poppi, Truly