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)

Copyright (c) 2022 Dow Jones & Company, Inc.
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