Articles Tagged with ''mergers and acquisitions''

The Coca-Cola Co., Atlanta, announced that it has acquired full ownership of BODYARMOR, a line of sports performance and hydration beverages that is incremental to the Coca-Cola beverage portfolio and has significant potential for long-term growth. In 2018, Coca-Cola initially acquired a 15% stake in BODYARMOR with a path to full ownership, based on a pre-determined discount. Coca-Cola is paying $5.6 billion in cash for the remaining 85% of the company.

Health-Ade, Los Angeles, announced that long-standing partner First Bev has acquired a controlling stake in the company. The deal also is backed by powerhouse investors including Manna Tree, a Vail, Colo.-based investment firm committed to improving human health through nutrition.

Refresco, Rotterdam, Netherlands, entered into an agreement with The Coca-Cola Co., Atlanta, to acquire three of its production locations in the United States. This transaction is subject to regulatory approval.

PepsiCo Inc., Purchase, N.Y., has entered into an agreement with PAI Partners (PAI) to sell Tropicana, Naked and other select juice brands across North America, and an irrevocable option to sell certain juice businesses in Europe, which will result in combined pre-tax cash proceeds of approximately $3.3 billion while retaining a 39% non-controlling interest in a newly formed joint venture. PAI, a leading private equity firm with strong experience in the food and beverage space, will be the majority shareholder of the transferred business, with PepsiCo retaining exclusive U.S. distribution rights to the portfolio of brands in its chilled direct-store-delivery for small-format and foodservice channels.

Next Frontier Brands, Boulder, Colo., announced its acquisition of Snow Leopard Vodka from Edrington, the makers of ultra-premium global spirits.

Primo Water Corp., Tampa, Fla., announced that Primo Water North America (PWNA), a wholly owned subsidiary of Primo, substantially acquired all of the assets of The Sweetwater Co. Inc., doing business as Earth2O. The bottled water company is based in Oregon and known for its commitment to sustainable water, environmental responsibility and natural, pure spring water from Oregon's Cascade Range.

Along with other news on developments and acquisitions, ingredient companies are spreading the word about new ingredients, including functional and masking ingredients.

Delicato Family Wines, Napa, Calif., and Francis Ford Coppola Winery announced that they will come together under one roof, strengthening the families' legacies. Under the terms of the agreement, the Francis Ford Coppola wine portfolio and two facilities anchored in Sonoma County, the Francis Ford Coppola Winery and the Virginia Dare Winery located in Geyserville, including the Archimedes Vineyard, will join Delicato.

Beverage Industry’s Top 100 Beverage Companies report, based on 2020 fiscal year sales, reflects the ebbs and flows that different factions of the alcohol and non-alcohol beverage market experienced in less than normal times.