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PowerPlant Ventures Acquires ZICO Coconut Water from Coca-Cola
Friday 15 January 2021

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.
Date Published: 15/01/2021