Coca-Cola Acquires Remaining 85% of BODYARMOR for $5.6 Billion

Full Sail IP Partners Acquires Odwalla Brand from The Coca-Cola Company

September 14, 2021

Food & Beverage

Full Sail IP Partners, a Warburg Pincus‑backed brand acquisition vehicle, has purchased the Odwalla brand from The Coca‑Cola Company. The deal transfers the historic juice and snack bar brand to Full Sail as part of its strategy to build a portfolio of consumer food & beverage brands through brand licensing and relaunch efforts.

Molson Coors Acquires Majority Stake in ZOA Energy

November 8, 2024

Food & Beverage

Molson Coors Beverage Company has acquired a 51% stake in ZOA Energy, the energy drink brand co-founded by Dwayne “The Rock” Johnson and partners; terms were not disclosed. Molson Coors — which previously partnered with ZOA on distribution and invested in September 2023 — will lead the brand’s marketing, retail and direct-to-consumer sales to scale the business and expand its non-alcohol portfolio.

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.

Koios Beverage Corp. Acquires Retox Beverage Corp.

April 5, 2022

Food & Beverage

Koios Beverage Corp. signed a definitive agreement to acquire all issued and outstanding securities of Retox Beverage Corp., a privately held producer of creative soft beverages, sodas and seltzers focused on the bar-mix market. Consideration for the acquisition is 15,000,000 units of Koios (deemed $0.10 per unit, aggregate $1.5 million); the transaction is subject to customary closing conditions and regulatory approvals.

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.

The Hershey Company Acquires ONE Brands

September 23, 2019

Food & Beverage

The Hershey Company completed its acquisition of ONE Brands, LLC, a maker of low-sugar, high-protein nutrition bars, for $397 million (approximately $325 million net of tax benefits). The purchase expands Hershey's better-for-you snacking portfolio and is expected to be accretive to earnings in the first full year post-close.