Coca-Cola to acquire the entire controlling stake of the sports drink brand BodyArmor

Coca Cola

According to foreign media reports, the Coca-Cola Company said on Monday that it would acquire the entire controlling stake of the sports drink brand BodyArmor for US$5.6 billion in order to seize market share from Gatorade, a subsidiary of PepsiCo.

It is reported that this is also the largest acquisition in the company’s history.

Coca-Cola acquired a portion of BodyArmor’s equity as early as 2018, making it its second largest shareholder. The Coca-Cola Company said that BodyArmor’s current annual retail sales are approximately $1.4 billion, a growth rate of 50%.

BodyArmor’s products include sports drinks, alkaline water and caffeinated sports drinks. Owning the company helps to enhance Coca-Cola’s competitiveness in the sports drink market, and BodyArmor’s market share is second only to Gatorade.

Benjamin Turner

Benjamin Turner is a journalism graduate with keen interest in covering Technology news – specifically wall street business. He has as a keen eye for technologies and has predicted quite a few successful startups over the last couple of years. Benjamin goal with this website is to report accurately on all kinds of stock news, and have a great deal of passion for Technology news reporting. Benjamin is diligent and proactive when it comes to Technology news reporting.

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