Copra

The Vita Coco Company, the US-based beverage manufacturer has acquired US-based super-premium coconut water producer Copra for an upfront consideration of $175 million subject to customary closing adjustments. The acquisition gives Vita Coco a platform to enter the super-premium cold-chain segment of the coconut water category where it does not currently compete. Copra, which utilizes an extract-and-fill-on-site operating model supported by a factory in Thailand, generated a net sales CAGR …