Vita Coco maker All Market is said to be considering an initial public offering as soon as the third quarter of this year that could value the company at $2 billion, Bloomberg reported. The decision was said to be tied to the success of oat milk maker Oatly’s recent IPO. All Market also markets Runa energy drinks, and Ever & Ever bottled water.
Mondelez is selling shares in Keurig Dr Pepper representing up to 2.3% of KDP’s outstanding common stock. At the conclusion of the offering (which includes a 30-day option for underwriter Goldman Sachs to purchase additional shares), the Mondelez holding will be as low as 6.1% of KDP’s outstanding common stock, and Mondelez will relinquish one of two board seats, according to a statement.
PepsiCo has agreed to become the exclusive Canadian distributor for plant-based energy drink brand Guru, launched in 1999.
JDE Peet’s said it will close on an acquisition next month of Australian specialty coffee roaster and shop operator Campos Coffee. This comes as Campos ceases operations in North America following pandemic-related challenges, the company announced separately. JDE Peet’s is tied to JAB Holding, which also has ties to Keurig Dr Pepper.
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