PepsiCo Invests $550M in Celsius Holdings and Signs Long-Term Distribution Deal

Celsius Holdings Acquires Big Beverages Contract Manufacturing for $75M

November 1, 2024

Food & Beverage

Celsius Holdings, Inc. acquired Big Beverages Contract Manufacturing, L.L.C. for $75 million in a deal that closed on November 1, 2024. The acquisition adds a 170,000-square-foot beverage manufacturing and warehouse facility (principally dedicated to CELSIUS production) in the Charlotte metro area, providing Celsius greater supply-chain control, faster innovation cycles and expected margin improvement.

Celsius Holdings Acquires Alani Nu

February 20, 2025

Food & Beverage

Celsius Holdings, Inc. completed the acquisition of Alani Nutrition LLC (Alani Nu) for $1.8 billion (including $150 million of tax assets) — a net purchase price of $1.65 billion comprised of cash and newly issued Celsius stock. The deal combines two scaled better‑for‑you energy/functional beverage brands to expand Celsius’ product portfolio, female-focused consumer reach and distribution footprint; Alani Nu will operate within Celsius and key founders/owners will remain as advisors.

AbbVie Acquires Celsius Therapeutics

June 27, 2024

Biotechnology

AbbVie has acquired Celsius Therapeutics, a Cambridge-based clinical-stage biotechnology company, for $250 million in cash. The acquisition adds Celsius' lead anti-TREM1 antibody candidate CEL383 to AbbVie’s inflammatory disease pipeline to support development for inflammatory bowel disease (IBD).

Keurig Dr Pepper Acquires Majority Stake in GHOST for $1.65B

October 24, 2024

Food & Beverage

Keurig Dr Pepper (KDP) agreed to acquire a 60% stake in GHOST (GHOST Lifestyle LLC and GHOST Beverages LLC) for roughly $990 million, with plans to purchase the remaining 40% by 2028 for a total transaction value of $1.65 billion. The founders will remain in leadership, and KDP expects to integrate GHOST into its U.S. refreshment beverages segment and leverage its distribution network to scale the energy drink and sports nutrition brand.

Smart Soda Holdings Acquires 51% of Smart Soda Canada

August 12, 2022

Food & Beverage

Smart Soda Holdings, Inc. acquired a 51% stake in Smart Soda Canada, a former dealer, as part of the company's pre-IPO global expansion. The deal establishes a formal Canadian subsidiary and supports Smart Soda's broader international rollout alongside new UK and planned South American and Middle East operations.

Keurig Dr Pepper Invests in Nutrabolt; MidOcean Partners Exits

December 8, 2022

Food & Beverage

Keurig Dr Pepper entered a strategic partnership with Nutrabolt, acquiring a minority equity stake (reported ~30%, ~$863M) and agreeing a long-term sales and distribution arrangement. The transaction coincides with MidOcean Partners' exit of its investment in Nutrabolt, the owner of brands including C4 Energy, Cellucor and XTEND.