date:May 26, 2016
Bucha and New Age Beverages have entered into an agreement to merge in a cash and equity deal worth approximately $20m.
The combined entity is intended to enhance the company's scale, improve the company's infrastructure and leadership team, and accelerate the sales and distribution capacities of the firm, thereby resulting in cost and revenue synergies exceeding $7.5m.
The agreement entails all assets and interests of New Age Beverages including their brands XingTea, XingEnergy, and Aspen Pur