Saturday, July 31, 2021
91.2 F
Fort Worth

Dr. Pepper takes 11.7 pct. stake in Gatorade rival BodyArmor

🕐 0 min read

PLANO, Texas (AP) — Dr. Pepper Snapple is making a $20 million investment in BodyArmor, a rival of PepsiCo’s Gatorade brand.

That gives Dr. Pepper an 11.7 percent stake in BA Sports Nutrition LLC, the company that introduced BodyArmor in 2012.

Among existing investors in the brand is NBA star Kobe Bryant.

Dr. Pepper Snapple Group Inc. has carried BodyArmor in its direct store delivery network since 2013, and plans to expand the product line over the next year.

The company said Wednesday that the terms of the transaction won’t have a material impact on its financial statements.

Related Articles

Our Digital Sponsors

Latest Articles

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate