# 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.

- Type: Acquisition
- Announced: 2022-11-09
- Where: Verona, Virginia, United States
- Value: $19.5M
- Status: announced
- Products: alkaline water, sports drinks, co-packed beverages

## Companies

- [Flow Beverage Corp.](https://endata.com/companies/9883.md) (partner)
- [BioSteel](https://endata.com/companies/9884.md) (acquirer)

## Sources

- [bevnet.com](https://www.bevnet.com/news/2022/flow-beverage-corp-sells-virginia-production-facility-to-biosteel/), 2022-11-09: "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."

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