Biz: Jolt Cola could get jolted out of the market by investors
- Sad story, really. The generation-old ultra-caffeinated cola, which was a trailblazer for energy drinks across the board, is in danger of going away for good. The founder of the company, Carl J. Rapp, blames investors who damaged the company’s assets, pushed it into debt and are attempting to force it into liquidation. “The name will show up someplace else, but just that,” said William I. Kohn of the Cleveland firm of Benesch, Friedlander, Coplan & Aronoff. “I don’t see anybody buying the entire package.” source