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Celsius Holdings Acquires Big Beverages in $75 Million Deal
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Celsius Holdings Acquires Big Beverages in $75 Million Deal
Nov 4, 2024 12:10 PM

10:12 AM EDT, 11/01/2024 (MT Newswires) -- Celsius Holdings ( CELH ) said Friday it has acquired Big Beverages Contract Manufacturing for $75 million to streamline its supply chain and support product development.

The energy drink company said the deal, funded with cash reserves, includes a 170,000-square-foot manufacturing and warehouse site, which will mainly produce Celsius-branded products.

Big Beverages will retain its management and workforce as part of the acquisition, Celsius added.

Celsius shares were up more than 2% in recent Friday trading.

Price: 30.53, Change: +0.45, Percent Change: +1.50

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