Constellation Brands Acquires SpikedAde For $75 Million
Constellation Brands announced the acquisition of SpikedAde, a spirit-based ready-to-drink beverage brand, for $75 million.
Constellation Brands, Inc. (STZ) said on Tuesday it has acquired SpikedAde, a differentiated, consumer-led spirit-based ready-to-drink (RTD) beverage brand. The company said SpikedAde competes in the emerging sports drink-inspired 'Ade' segment.