Dr Pepper Snapple Invests In Emerging Premium Sports Drink Bodyarmor
17-Aug-2015
- USA
The investment gives Dr Pepper Snapple an 11.7 percent ownership position in BA Sports Nutrition. This partnership marks the second time Dr Pepper Snapple and Mike Repole have teamed up to grow an emerging beverage brand.
In 2013, basketball superstar Kobe Bryant became a significant investor in the company.
Dr Pepper Snapple noted that the terms of the Bodyarmor transaction will not have a material impact on its financial statements. (dpa)
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