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Cola celsius11/28/2023 Outstanding organizations can make together to more fully capture energy occasions."Ĭelsius President, Chairman and CEO, John Fieldly, commented, "I would first like to thank our employees and partners who have helped facilitate our rapid growth. We are looking forward to seeing the impact these two Growing momentum coupled with the strength of PepsiCo's portfolio and go-to-market capabilities create a combination we believe will be very compelling and valuable to retailers and consumers. "We are extremely pleased to partner with Celsius and excited about the opportunity for our two organizations to drive growth and innovation in the energy beverage category," said Kirk Tanner, CEO, PepsiCo Beverages North America. The preferred shares are entitled to a 5% annual dividend. Shares, which equates to an estimated 8.5% ownership in Celsius on an as-converted basis. Shares underlying the transaction were priced at $75 per share, or approximately 7.33 million PepsiCo will also become the preferred distribution partner globally for Celsius.Īs part of the transaction, PepsiCo will make a net cash investment of $550 million to Celsius in exchange for convertible preferred stock. distribution agreement is effective on August 1, 2022 and, subject to certain exceptions, includes retail and food service channels. As part of the transaction, PepsiCo will also make an investment in Celsius in support of its growth agenda and will nominate a director to serve on Celsius' Board of Directors. distribution to PepsiCo's best-in-class capabilities. The distribution agreement initially transitions Celsius'Ĭurrent U.S. 1, 2022 /PRNewswire/ - PepsiCo, Inc., (NASDAQ: PEP) and Celsius Holdings, Inc., (NASDAQ: CELH), maker of a leading global fitness energy drink, CELSIUS®, today announced a definitive agreement forging a long-term strategic distribution arrangement. ET Detailing PepsiCo Distribution Agreement and InvestmentīOCA RATON, Fla., Aug. Government & Policy Government & PolicyĬelsius Management to Conduct Conference Call at 2:00 p.m.PepsiCo Health and Nutrition Sciences PepsiCo Health and Nutrition Sciences.PepsiCo Product Facts PepsiCo Product Facts.PepsiCo Beverage Facts PepsiCo Beverage Facts.PepsiCo Smart Label PepsiCo Smart Label.Nutrition Information Nutrition Information.PepsiCo Jobs Instagram PepsiCo Jobs Instagram.Restaurants & Businesses Restaurants & Businesses.Customers & Shoppers Customers & Shoppers.
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