NewAge Inc (fka NBEVQ) (NBEVQ)

[Roland Rick Perry]

$2 billion for Bai ?

Reuters: Bai Exploring Potential $2 Billion Sale

In April, 2015, Dr Pepper Snapple Group (DPSG), the primary distributor of Bai beverages, acquired a $15 million minority stake in Bai, based on a $500 million dollar valuation. Weiss told BevNET at the time that Bai had turned a profit for the first time earlier that year.

Nevertheless, Bai has proven to be an exceptional brand in recent years: Inc. Magazine recently pegged Bai’s 2015 revenue at nearly $120 million, with three-year growth of 2,210 percent.

http://www.bevnet.com/news/2016/reuters-bai-exploring-potential-2-billion-sale?

http://www.reuters.com/article/us-baibrands-m-a-idUSKCN12327X