NEW YORK (TheStreet) -- After Tuesday's market close, Monster Beverage Corp. (MNST) - Get Report announced plans to acquire long-time business partner American Fruits & Flavors, a manufacturer of flavors, juices, concentrates, natural sweeteners and other fruit-based products.

Monster Beverage, a Corona, CA-based energy drinks maker, will pay $690 million for American Fruits & Flavors. The deal is expected to close in the first quarter of 2016.

"Not only have we secured the intellectual property of our flagship green energy drink and many of our other key flavors, but we are also partnering with an organization I have personally worked with and known for over 20 years," Monster Beverage CEO Rodney Sacks said in a statement.

Additionally, the company will report its 2015 fourth quarter financial results on Thursday after the market close.

Wall Street is anticipating earnings of 82 cents per share on revenue of $698.40 million for the latest quarter, up from earnings of 72 cents per share on $605.57 million in revenue for the 2014 fourth quarter.

Monster Beverage stock closed down 0.79% to $128.79 on Tuesday.

Separately, Monster Beverage has a "buy" rating and a letter grade of B at TheStreet Ratings because of the company's revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and earnings per share growth.

You can view the full analysis from the report here: MNST

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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