Coca-Cola acquires minority stake in BodyArmor

The Coca-Cola Co. has entered into a definitive agreement to acquire a minority ownership stake in sports drink brand BodyArmor. Coca-Cola may increase its ownership stake in the future under the terms of the agreement.

BodyArmor will join the Coca-Cola North America Venturing and Emerging Brands investment portfolio. The brand will continue to operate independently under the leadership of Mike Repole, co-founder and chairman, and the BodyArmor management team. Coca-Cola will become the second largest shareowner in the brand, behind Mr. Repole.

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Ramen noodle maker to get new leader

Michael J. Price has been promoted to president and chief executive officer of Nissin Foods USA. He will succeed Al Multari, who is set to retire on Oct. 1. Mr. Price and Mr. Multari will work together over the next two months to ensure a smooth transition, the company said.

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