# Reed's sells Los Angeles beverage plant and private label business to California Custom Beverage

Reed's Inc. closed the sale of its Los Angeles beverage manufacturing operations, equipment and private label business to California Custom Beverage, an entity owned by its founder Chris Reed, for $1.25 million. Reed's will receive private label royalties for three years and has a three-year co-packing agreement for its glass bottled beverages.

- Type: Acquisition
- Announced: 2019-01-03
- Where: Los Angeles, California, United States
- Value: $1.25M
- Status: completed
- Products: glass bottled beverages, private label beverages

## Companies

- [Reed's Inc.](https://endata.com/companies/2507.md) (partner)
- [California Custom Beverage](https://endata.com/companies/4400.md) (acquirer)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2019/01/03/1680085/10765/en/Reed-s-Inc-Announces-the-Sale-of-Los-Angeles-Facility-Completing-Transformation-Plan-Initiatives.html), 2019-01-03: "After an extensive sale process led by Gordon Brothers, Reed's sold the beverage manufacturing equipment and private label beverage business for a purchase price of $1.25 million"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.