date:Apr 07, 2016
Flavored beverages producer Dr Pepper Snapple Group (DPS) has purchased an additional stake in BA Sports Nutrition, makers of premium sports drinks line Bodyarmor.
The firm has invested an additional $6m to increase its stake from the current 11.7% to 15.5%. The purchase of additional stake follows the initial $20m investment announced in last August.
Since 2013, DPS has been carrying Bodyarmor as an allied brand, and now expanded distribution of the brand across its packaged beverages direct