Keurig Dr Pepper to Acquire Non-Alcoholic Cocktail Brand Atypique
June 23 2022 - 2:52PM
Dow Jones News
By Kathryn Hardison
Keurig Dr Pepper Inc. is acquiring the global rights to
Atypique, a non-alcoholic and ready-to-drink cocktail brand, from
Quebec-based beverage company Station Agro-Biotech.
Keurig Dr Pepper said Thursday that the deal would close early
in the fourth quarter. Terms of the deal with weren't disclosed,
the company said.
The agreement includes a multi-year collaboration between the
two companies to accelerate Atypique's growth with Station
Agro-Biotech's research and development skills and Keurig Dr
Pepper's sales and distribution network, Keurig Dr Pepper said.
Shares of Keurig Dr Pepper were 1.1% higher at $35.12 in
afternoon trading, and down 4.3% so far this year.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
June 23, 2022 14:37 ET (18:37 GMT)
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