Announced
Completed
Synopsis
BioSteel Sports Nutrition, a dietary supplement products producer for athletes and exercise enthusiasts, completed the acquisition of the Tetra Pak manufacturing and packaging business of Flow Beverages, a a health and wellness focused beverage company, for $19.5m. “BioSteel is growing at a record pace, with thousands of new points of distribution added since the beginning of the year, and this acquisition allows us to unlock greater efficiency in our business as we achieve full vertical integration of our US operations. As we move toward the top of the sports drink category, this agreement also supports our ability to consistently supply our premium ready-to-drink sports drinks, packaged in environmentally friendly Tetra Paks, which is a competitive advantage, and support our consumers with the Clean. Healthy. Hydration. that the next generation of athletes demands,” Bruce Jacobson, BioSteel President.
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