Cizzle Brands Acquires Flow Water Manufacturing Business for $83.75M
January 10, 2026
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.
- Buyers
- Cizzle Brands Corporation
- Targets
- Flow Water Inc. (manufacturing business of Flow Beverage Corporation)
- Sellers
- Flow Beverage Corporation (manufacturing business sold via court-supervised receivership)
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Transaction Type
- Divestiture
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