Cizzle Brands Acquires Flow Water Manufacturing Business for $83.75M

Cizzle Brands acquired the manufacturing business of Flow Water (Flow Beverage Corporation) for approximately $83.75 million, buying the Aurora, Ontario production facility now rebranded as the CWENCH Hydration Factory. The purchase includes a roughly $184 million contracted order book (with about $158 million take-or-pay protection), secures supply for Cizzle's CWENCH Hydration product, and was financed with a mix of debt and equity including a $40 million credit facility from Orion Infrastructure Capital.