Calypso to acquire Mela Water.

Calypso, a lemonade producer, agreed to acquire Mela Water, a watermelon water producer. Financial terms were not disclosed. “We are excited to join the Calypso platform as we enter the next phase of our growth [...] Our team has done a fantastic job building the brand over the last several years gaining significant distribution with leading retailers while sustaining strong unit velocities. It’s now the perfect time to join the Calypso platform and leverage their infrastructure to scale the brand nationally and internationally,” Dom Purpura, Mela Water CEO.