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Niagara Ventures to acquire Blu-Dot Beverage

DBR Staff Writer Published 26 November 2014

Niagara Ventures Corporation has agreed to acquire all of the issued and outstanding common shares of Canadian ready-to-drink beverage producer Blu-Dot Beverage.

A share purchase agreement to this effect was signed by the two companies.

As per the agreed terms, Niagara Ventures will acquire Blu-Dot shares in exchange for its common shares.

Upon completion of the transaction, which is subject to certain terms and conditions, Blu-Dot will become a wholly-owned subsidiary of Niagara Ventures.

Kevin Stratton, Scot Martin and Stacey Mowbray will be appointed as new directors of Niagara Ventures, in addition to existing directors Larry Phillips, Scott Anderson, Jeffrey Mores and Ron McEachern.

Blu-Dot produces and distributes "better-for-you" ready-to-drink beverage products including a line of all natural 'Protein Teas', which is currently available in five flavours: Orange Pineapple, Blueberry Acai, Apple Pear, Honey Lemon and Cranberry Pomegranate.

It currently markets, distributes and sells its products across Canada to various retail channels, including natural/organic, specialty, supermarkets, hypermarkets, health/pharma, convenience, mass and other non-grocery channels.