Juicy J is celebrating after his investment in Core Water brand has paid off.
The company has been acquired by Keurig Dr. Pepper for $525 million. The Oscar-winning artists commented on the deal via Instagram typing, “The best investment I made in my life.”
Wholesale sales for CORE were between $70 and $80 million, while retail sales were close to $200 million. KDP expects to reel in $90 million in tax benefits as part of the deal.
“KDP has been an outstanding partner for CORE and I am certain that, under its ownership, CORE will continue to see tremendous long-term success,” founder Lance Collins said in a press release. “I am a strong supporter of the KDP strategy and business model and am looking forward to being a shareholder in the company.”