Molson Coors Beverage Acquires 8.5% Stake in Fevertree-February 2024-www.financetom.com

Molson Coors Beverage Acquires 8.5% Stake in Fevertree

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Molson Coors Beverage Acquires 8.5% Stake in Fevertree

Jan 30, 2025 1:58 AM

04:33 AM EST, 01/30/2025 (MT Newswires) -- Molson Coors Beverage ( TAP/A ) said Thursday it is partnering with UK-based Fevertree Drinks to expand its non-alcoholic beverages and mixers portfolio in the US.

Under the terms of the partnership, Molson Coors ( TAP/A ) said it has agreed to acquire an 8.5% stake in Fevertree Drinks, making it the company's second-largest shareholder.

Beginning Saturday, Molson Coors ( TAP/A ) said it will assume exclusive US commercialization rights for Fever-Tree tonics, ginger beers, and cocktail mixers and will oversee US production, marketing, sales, and distribution of the brand.

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