Celsius Holdings Announces Strategic Acquisition Of Big Beverages Contract Manufacturing For $75M, Paid For Using Cash On Hand
Portfolio Pulse from Benzinga Newsdesk
Celsius Holdings, Inc. has acquired Big Beverages Contract Manufacturing for $75 million, enhancing its production capabilities and supply chain control. The acquisition was completed using cash on hand and includes a modern manufacturing facility dedicated to Celsius products.
November 01, 2024 | 1:03 pm
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Celsius Holdings has acquired Big Beverages for $75 million, enhancing its production capabilities and supply chain control. This strategic move is expected to support product innovation and flexibility.
The acquisition of Big Beverages provides Celsius with a modern manufacturing facility, enhancing its production capabilities and supply chain control. This strategic move is likely to support product innovation and flexibility, which could positively impact Celsius's market position and stock price.
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