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Coca-Cola buys full control of sports drink maker Bodyarmor for $5.6 billion
short by Pragya Swastik / on Monday 1 November, 2021
The Coca-Cola Company has acquired full ownership of American sports drink maker BODYARMOR by buying the remaining 85% of the company for $5.6 billion, making it the company's largest brand acquisition so far. In 2018, Coca-Cola had acquired a 15% stake in BODYARMOR. The sports drink company will be managed as a separate business within Coca-Cola's North America unit.