PepsiCo has agreed to purchase CytoSport, the maker of Muscle Milk protein shakes, from Hormel Foods for $465 million. The deal comes less than five years after Hormel paid

Cott has sold its RC Cola concentrate and international licensing business to Refresco for $50 million. Refresco, meanwhile, simultaneously flipped the RCI International business to an entity called RC Global Beverages.

Coca-Cola has completed its acquisition of Nigerian juice and dairy company Chi Ltd., having first invested in the company three years ago  

Coca-Cola has closed its $4.9 billion purchase of retail coffee café chain Costa  …  JAB Holding-owned Peet’s Coffee has acquired a majority stake in Revive Kombucha 

Coca-Cola has reportedly dropped out of bidding for GlaxoSmithKline’s consumer nutrition unit in India anchored by the Horlicks malt drink brand, while Unilever has emerged as the frontrunner in now-exclusive talks, according to various

Coke is said to be considering a stake in Dirty Lemon, the maker of functional drinks that consumers order by text message; the news was first reported by Business Insider, which also said Dirty Lemon will discontinue a CBD-infused drink, to make it easier to raise capital since the ingredient isn’t legal in the U.S. (Note: Dirty Lemon CEO Zak Normandin will speak at our Future Smarts