Coca-Cola acquires remaining stake in Fairlife LLC
The company previously had a minority interest in the dairy processor.
The Coca-Cola Co., Atlanta, said it acquired the remaining stake in Fairlife LLC from its joint venture partner Select Milk Producers. Coca-Cola now owns 100% of Fairlife, up from its previous 42.5% minority stake. Financial terms of the transaction were not disclosed.
Fairlife, which launched in 2012, started with a high-protein milk shake called Core Power and has grown to offer a broad portfolio of products in the fast-growing value-added dairy category in North America, Coca-Cola said. Fairlife will continue to operate as a stand-alone business based in Chicago.