Acquisition closed
Coca-Cola acquires BodyArmor (2021)
Coca-Cola completed the acquisition of BodyArmor on 1 November 2021 for $5.6 billion.[1]
Coca-Cola paid $5.6 billion for the remaining stake in BodyArmor, its largest brand acquisition ever. It bought a sports drink built explicitly to attack Gatorade, giving Coca-Cola a credible competitor in a category PepsiCo had dominated for decades.
Deal facts
- Announced
- Closed
- Value
- $5.6 billion (enterprise value)
- Buyer
- Coca-Cola
- Seller
- —
- Assets
- BodyArmor
- Regulatory review
- None recorded
Ownership changes recorded from this deal
Who owns BodyArmor today?
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] The Coca-Cola Company completes acquisition of BODYARMOR — The Coca-Cola Company, Official press release, published 1 November 2021; retrieved 8 September 2026.
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