Constellation Brands Acquires SpikedAde
Constellation Brands has acquired SpikedAde.
Story updates
08:15:29 PM UTC
SquawkNews
Constellation Brands is acquiring SpikedAde, a spirit-based, ready-to-drink brand for $75 million at close. The deal includes additional contingent consideration of up to $278 million over five years tied to performance. SpikedAde combines familiar sports drink flavors with a vodka base in a zero-s…
08:21:07 PM UTC
SquawkNews
(20:15 GMT) *Constellation: Acquisition Expands Portfolio Into Emerging, Consumer-led Demand Space Within Fast-growing RTD Category >STZ (20:15 GMT) *Constellation: Deal Includes $75M Payment at Close for 100% Ownership (20:15 GMT) *Constellation Brands Acquires SpikedAde >STZ (20:15 GMT) *Constell…