Flow Beverage sells Verona, Virginia production facility to BioSteel for $19.5 million

Flow Beverage Corp. agreed to sell its Verona, Virginia production facility to sports drink maker BioSteel for a deal valued at $19.5 million, with BioSteel becoming a co-packing partner.

“Upon completion of the transaction — comprising $13.2 million in cash and $6.3 million in debt, plus the retirement of lease obligations — BioSteel will become a co-packing partner for Flow at its newly acquired plant.”bevnet.com

• 1 source
• bevnet.comFlow Beverage Corp. Sells Virginia Production Facility to BioSteel - BevNET.comNov 9, 2022

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