American multinational beverage Coca-Cola company has revealed intentions to acquire a controlling stake in Bodyarmor, a functional drinks business. Bodyarmor’s portfolio includes a range of enhanced water drinks, sports drinks made with coconut water, and lower-calorie. According to sources, a Coca-Cola spokesperson said: “We can confirm that The Coca-Cola Company has filed a pre-acquisition notification with the Federal Trade Commission relating to its intent to acquire a controlling interest in …
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Bodyarmor
Soft drinks powerhouse Coca-Cola has announced it has entered into a definitive agreement to acquire a minority stake in functional drinks business Bodyarmor for an undisclosed sum. The firm said that the deal was “uniquely structured to create value for both companies” and would allow it to increase its holding in the future, including a “path to ownership under defined terms”. Bodyarmor’s flagship Superdrink is described as “a premium sports drink […] …
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