Minneapolis-based cola bottler
( PAS) purchased Ardea Beverage, maker of airforce Nutrisoda. PepsiAmericas will collaborate with Pepsi-Cola North America to market airforce Nutrisoda in select PepsiAmericas markets with possible future expansion.
Ardea will become a wholly owned subsidiary of PepsiAmericas. PepsiAmericas did not disclose the terms of the transaction.
"The Nutrisoda brand complements our growing portfolio of healthier beverages, providing a unique and fashionable beverage alternative," said Robert C. Pohlad, chairman and chief executive officer of PepsiAmericas. "Nutrisoda has tremendous potential in the fast-growing functional beverage category, and it supports our strategy to bring customers relevant and exciting products that fit their lifestyles."
The stock is trading at $23.62 Monday, down 17 cents or 0.71%.
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