US-based growth equity investor PowerPlant Ventures has acquired ZICO coconut water from The Coca-Cola Company (NYSE: KO) to rebrand as ZICO Rising, the company said.
Terms were not disclosed.
PowerPlant Ventures was co-founded and is co-led by Mark Rampolla, who is the brand visionary behind ZICO, which he founded in 2004 and sold to The Coca-Cola Company (NYSE: KO) in 2013.
The new company, named ZICO Rising, will be a homecoming for ZICO under the PowerPlant Ventures portfolio, as well as a new beginning for the beverage brand.
Ardian Closes Acquisition of Audit and Spend Analytics Services Provider PRGX
Merck Launches Tender Offer to Acquire Pandion Therapeutics
Plex Systems Acquires Kors Engineering to Expand Manufacturing Process Automation
asTech Acquires adasThink to Expand Diagnostics and Service Offerings
SpinTech Acquires MR Innovations to Extend R and D in Medical Imaging
Healthcare Bluebook Acquires Quantros´ Quality Division to Enhance Analytics Capabilities
IDS International Acquires DECO and GovSource to Strengthen Multidisciplinary Training Services
Buildertrend Acquires CoConstruct to Expand Position in Construction Management Platform
Altair Acquires Flow Simulator from GE Aviation to Form Long-Term Partnership
Clubessential Holdings Acquires foreUP to Expand Presence to Public Golf Clubs and Courses