![Coke Acquires BodyArmor for $5.6B [Updated]](https://dg6qn11ynnp6a.cloudfront.net/wp-content/uploads/2018/08/14121335/CocaCola_Bodyarmor_970-150x150.jpg)
The Coca-Cola Company announced today that it has acquired full control of sports drink maker BodyArmor for $5.6 billion, its largest acquisition to date. The beverage giant is exercising its option to purchase BodyAmor in full at a pre-existing discount, as included in a 2018 deal that gave Coke U.S. distribution rights to BodyArmor and a 15% stake in the brand.
In this courtroom roundup: PFAS Regulation ramp up and experts urge manufacturers to look at their supply chain, India Globalization Capital reaches settlement in investors lawsuit and Judge dismisses class action against Arrowhead Mountain water.
With January resets coming up quick, this week saw the announcement of several new products set to hit shelves at the start of the new year. Here’s a quick look at this week’s notable new launches and release announcements.
Buoyed by strong third quarter earnings results this week, Keurig Dr Pepper (KDP) has raised its 2021 net sales growth guidance from 7% to 8% for the year as the company benefits from increased consumer mobility and approaches the end of its three-year post-merger period.
The Coca-Cola Company is in the closing stages of completing its acquisition of sports drink brand BodyArmor at a valuation of around $8 billion, according to media reports.
PepsiCo, Inc. announced the establishment of the company’s first two Digital Hubs in North America and Europe, with plans to expand to more locations in the future. These Hubs, located in Dallas and Barcelona, are expected to create more than 500 new, high-caliber data and digital jobs over the next three years, bringing additional opportunity to the regions.
Blue Sky Botanics have announced the launch of a new product to add to their portfolio of bioactive ingredients for the food and beverage industries. Organic Baobab Fruit Purée is a pasteurised, ready-to-use superfruit ingredient, which is high in dietary fiber and packed with vitamin C, potassium and calcium.
Following Hattersley’s narrative for the company’s Q3, an analyst asked him to define what success now means for the company in the U.S. Hattersley replied that “the quality of our revenue and changing the shape of our portfolio is what is important to us now.”
As a founder and innovator in natural and organic plant-based flavors, Flavor Producers has continued to innovate in natural and organic new product development through Tasteful and Transparent Technologies that are designed to provide greater transparent taste for the modern health conscious consumer.
The a2 Milk Company and The Hershey Company announced the upcoming release of co-branded Hershey’s/The a2 Milk Company chocolate milk, marking Hershey’s first partnership with a premium milk company.
Tres Generaciones Tequila, established in 1973 to honor a century of the Sauza family's commitment to their craft, has revealed a new limited-release tequila series alongside refreshed packaging and nationwide expansion.
African-distilled Procera Gin has launched in the US led by Innovation X Marketing (“IXM”) the innovative spirit and lifestyle brand incubator who has taken an ownership position.
The Coca-Cola Company reported “strong” double-digit revenue growth in its third quarter earnings results this week, leading to higher year-end projections as volume sales surpassed 2019 levels amid an “asynchronous” pandemic recovery.
In this week's distribution roundup: Zen Hemp Infusions expands through PFG; KeHE signs new contract with Erewhon; Alkaline88 partners with Ohi and GNC and Woke Up! Energy signs on with Mr. Checkout Distribution.
