Sector News

Coca-Cola agrees to purchase BodyArmor for $5.6bn

November 7, 2021
Food & Drink

The Coca-Cola Company has agreed to take full control of US sports drink brand BodyArmor, in a deal valued at $5.6 billion – according to the Wall Street Journal (WSJ).

The news follows last week’s announcement that the beverage giant was nearing completion of a deal to buy a controlling stake in BodyArmor. According to WSJ, which cites people that are familiar with the matter, the purchase values the drinks brand at approximately $8 billion.

Bodyarmor produces a range of sports drinks for the US market, which are made with coconut water and without artificial colours or flavours.

Coca-Cola, which already owns 30% of BodyArmor, first purchased a minority stake in the company back in 2018 and earlier this year announced its intentions to buy a controlling interest in the sports drink maker.

By News Desk

Source: foodbev.com

comments closed

Related News

November 28, 2021

“Free from” trends take on myriad of meanings as health and environmental concerns come into sharper focus

Food & Drink

Free-from is becoming much more mainstream, moving beyond food allergens and intolerances. While it’s still vital to innovate products for lactose intolerance, gluten allergies and so forth, the umbrella term of free-from has taken on many different meanings.

November 28, 2021

Arla Foods Ingredients unveils milk fractionation tech for infant, sports and medical nutrition

Food & Drink

Arla Foods Ingredients (AFI) is targeting infant formula, sports nutrition and medical nutrition with its new patented milk fractionation technology that separates milk proteins from whey, bypassing the need to make cheese. The Denmark-based company says this move enables scientists, nutritionists and health professionals to create “next-generation” dairy products.

November 28, 2021

Oatly opens first Chinese production facility

Food & Drink

Located in Ma’anshan, Anhui province, the facility has the potential to produce an estimated 150 million litres of oat-based products annually at full capacity. The opening comes just a few months after Oatly – which claims to have established a new Chinese character for ‘plant-based milk’ – inaugurated its first Asian factory in Singapore.

Send this to a friend