Bolthouse Farms to acquire Evolution Fresh from Starbucks
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Bolthouse Farms is acquiring the brand and business of Evolution Fresh from Starbucks (NASDAQ:SBUX).
Financial terms were not disclosed.
Evolution Fresh is a producer of primarily organic, cold-pressed, premium juice products.
By joining forces with Bolthouse Farms, Evolution Fresh will have the opportunity to accelerate its growth trajectory.
Starbucks (SBUX) to focus efforts on the growth of its core business.   The transaction is expected to close later this year.