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HomeBusinessCoca-Cola To Acquire Residual Stake In BodyArmor For $5.6 Billion

Coca-Cola To Acquire Residual Stake In BodyArmor For $5.6 Billion

Coca-Cola will utterly purchase sports activities drink maker BodyArmor

Coca-Cola introduced Monday that it’s going to purchase full possession of sports activities drinks firm BodyArmor for $5.6 billion.

The beverage large had purchased 15 per cent of BodyArmor in 2018, and can proceed to function the agency as a separate enterprise in North America, in accordance with an announcement.

The transfer is a part of the corporate’s efforts to spice up its sports activities drink portfolio to tackle market chief, PepsiCo Inc’s Gatorade, companies reported.

Coca-Cola additionally mentioned that BodyArmor shall be managed as a separate enterprise inside its North America working unit.

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