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Coca-Cola buys remaining BodyArmor stake for $5.6 billion
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Coca-Cola has acquired full control of BodyArmor, a line of sports performance and hydration beverages, for $5.6 billion in cash.
THE COCA-COLA CO.
On Monday, the soda giant announced it would be purchasing the remaining 85% of BodyArmor after taking a 15% stake in 2018, marking its largest brand acquisition to date. The acquisition values BodyArmor at approximately $8 billion, according to The Wall Street Journal.
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Under the agreement, BodyArmor will be managed as a separate business within Coca-Cola North America's operating unit and will continue to be based in Queens, New York. It also will continue to be distributed by the U.S. Coca-Cola bottling system.