Coffee Service
Keurig Dr Pepper: We aren’t negotiating to acquire Vital Pharmaceuticals
August 23, 2022
Keurig Dr Pepper has dismissed recent reports that the company is in talks to acquire Vital Pharmaceuticals Inc., which owns Bang Energy drinks.
Keurig Dr Pepper released the following statement:
"As we have shared previously, our top capital allocation priority is growing our business through M&A and brand/distribution partnerships. Therefore, we are active in evaluating many opportunities that arise, including in the energy space; however, we are not pursuing a partnership with Vital Pharmaceuticals for the Bang brand. We have a strong nationwide omni-channel selling and distribution system, including our company-owned DSD network, and a long track record of leveraging this important asset to drive strong in-market execution and market share growth for our brands and those of our strategic partners."
