Cold-pressed drink maker Suja Life is exploring a possible sale of the company, according to people familiar with the matter, reports CNBC. Coca-Cola took a minority stake in the company in 2015, with an option to buy Suja after three years. Coca-Cola valued the company at roughly $300 million at the time of its investment. Coke spokeswoman Lauren Thompson says the company continues to invest in and partner with Suja, declining to comment on a potential sale.
Suja was founded in 2012 by entrepreneurs Annie Lawless, Eric Ethans, Jeff Church, and James Brennan. It launched as a cold-pressed juice company, but has since expanded to offer other drinks like kombucha and probiotic vinegar juice. Full Story
Related: Functional Beverages Attract Sales, Investor Attention; Coca-Cola Acquires Kombucha Maker.
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