Keurig Dr Pepper Acquires 60% Stake in Ghost Energy for $990 Million, Remaining 40% by 2028

Oct 24, 2024, 11:28 AM

Keurig Dr Pepper has announced its acquisition of energy-drink maker Ghost for a deal valued at over $1 billion. The agreement involves an initial cash investment of approximately $990 million, which will secure a 60% ownership stake in Ghost. The remaining 40% is expected to be acquired by 2028. This move highlights Keurig's strategy to expand its presence in the energy drink market, with Ghost reportedly experiencing a 20.9% increase in volume over the past year, despite a slight decline in average prices. The financing for the deal will be supported by a new term loan.