Keurig Dr Pepper Invests $50 Million in Non-Alcohol Beer
November 09 2022 - 8:57AM
Dow Jones News
By Sabela Ojea
Keurig Dr Pepper Inc. said Wednesday it is acquiring a minority
stake in the non-alcoholic craft beer maker Athletic Brewing
Co.
The beverage maker said it has invested $50 million in the
equity stake of Athletic Brewing following the acquisition of the
non-alcoholic ready-to-drink cocktail brand Atypique from the
Canadian company Station Agro-Biotech.
The company will have a seat on Athletic Brewing's board of
directors, it said.
Non-alcoholic beer grew almost 20% in U.S.-based retail dollars
over the past year, the company said, noting that Athletic Brewing
has a lineup of more than 40 brews.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
November 09, 2022 08:42 ET (13:42 GMT)
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