Coca-Cola To Acquire Minority Stake In BODYARMOR - Quick Facts

(RTTNews) - The Coca-Cola Company and BODYARMOR announced a definitive agreement through which Coca-Cola will acquire a minority ownership stake in BODYARMOR. Through the agreement, BODYARMOR will have the opportunity to gain access to the expansive Coca-Cola bottling system. The Coca-Cola Company said its initial investment is uniquely structured to create value for both companies and allow Coca-Cola to increase its ownership stake in the future under defined terms.

Through the transaction, The Coca-Cola Company will become the second largest shareowner in BODYARMOR, behind Co-founder and Chairman Mike Repole.