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DPS ups stake in Body Armor

DPS ups stake in Body Armor

06/04/2016

Dr Pepper Snapple Group, Inc. (DPS) announced that it has increased its equity investment in BA Sports Nutrition, makers of BodyArmor, a line of premium sports drinks. The additional $6 million stake builds on the initial $20 million investment announced in August 2015 and raises DPS\'s ownership position from 11.7 percent to 15.5 percent. DPS has carried BodyArmor as an allied brand since 2013 and this year has expanded distribution of the brand throughout its packaged beverages direct store delivery footprint, which serves 34 states, helping BodyArmor to achieve national distribution. BodyArmor has a growing roster of independent distributors in areas not served by DPS\'s network.

Read more at source | Beverageworld 

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