M&A Deal Summary

Sprecher Brewery Acquires Ooh La Lemin Lemonade

On October 4, 2023, Sprecher Brewery acquired beverage company Ooh La Lemin Lemonade from Kona Gold Beverage

Acquisition Highlights
  • This is Sprecher Brewery’s 1st transaction in the Beverages sector.
  • This is Sprecher Brewery’s 1st transaction in the United States.

M&A Deal Summary

Date 2023-10-04
Target Ooh La Lemin Lemonade
Sector Beverages
Buyer(s) Sprecher Brewery
Sellers(s) Kona Gold Beverage
Deal Type Divestiture

Target

Ooh La Lemin Lemonade

United States
Ooh La Lemin Lemonade is a brand of lemonade focused on the US market.

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Buyer(S) 1

Buyer

Sprecher Brewery

Glendale, Wisconsin, United States

Category Company
Founded 1985
Sector Beverages
DESCRIPTION

Sprecher Brewing is a diversified producer of sodas, beer, and other beverages. The Company was formed in 1985 and is headquartered in Glendale, Wisconsin.


DEAL STATS #
Overall 1 of 1
Sector: Beverages M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

Kona Gold Beverage

Melbourne, Florida, United States

Category Company
Founded 1997
Sector Beverages
Employees21
Revenue 4M USD (2022)
DESCRIPTION

Kona Gold Beverage is a holding company focused on product development and distribution in the better-for-you and functional beverage sector. Kona Gold Beverage was founded in 1997 and is based in Melbourne, Florida.


DEAL STATS #
Overall 2 of 2
Sector: Beverages M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-13 Flo Beverages

Longwood, Florida, United States

Flo Beverages LLC first entered the energy drink market with its SoFlo organic energy drinks, formulated and co-packed in-house, and available throughout Florida. Flo Beverages has since grown and operated out of a 3,000 sq ft facility in Longwood, FL, which is a USDA certified organic co-packing facility. Flo Beverages recently launched LiKuid, an all-organic Ketogenic Energy Drink, available in 3 great tasting flavors, which is currently distributed in Florida and Puerto Rico. Flo Beverages operates a new, state of the art co-packing line and does all formulation in-house.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-12 Covert

United States

Covert is specializing in the production and distribution of Delta-8, THCa, THC-P, and Kratom products. Covert is based in United States.

Buy -