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- The Vita Coco Company (COCO) on Wednesday said it has acquired producer of Thai Nam Hom coconut water, Copra.
- The purchase price consisted of an upfront consideration of $175 million paid at closing, with additional earnout consideration to be paid in 2029 based on 2028 financial performance with a floor of $45 million and a cap of $100 million.
- The initial purchase price consisted of 80% cash on hand with the balance paid in Vita Coco common stock.
- "The transaction gives Vita Coco a platform to participate in this attractive, fast growing segment of the coconut water category where the Company does not currently compete," the company said.
- Copra expects their full year 2026 Net Sales to be greater than $100 million. Copra sales are predominately in the Americas with opportunity to expand Internationally and to significantly grow the branded business.
- The transaction closed on July 22, 2026.
- Vita Coco expects the acquisition of Copra to be accretive to its adjusted EBITDA margins post full integration.
- Press release
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