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Boca Raton, FL-based Celsius Holdings , Inc. (NASDAQ:CELH), a $6.5 billion market cap beverage company with annual revenues exceeding $1.3 billion, announced the anticipated acquisition of Alani Nutrition LLC, with the expected closure of the deal in April 2025. According to InvestingPro data, Celsius maintains a strong financial position with a current ratio of 3.62, indicating robust liquidity for strategic moves. This follows the expiration of the Hart-Scott-Rodino Antitrust Improvements Act waiting period on March 10, 2025, one of the necessary steps for the transaction to proceed.
The acquisition, initially disclosed on February 20, 2025, involves Celsius Holdings purchasing all issued and outstanding membership interests in Alani Nu, a Kentucky-based company. The completion of the transaction is subject to standard closing conditions.
Celsius Holdings, known for its role in the bottled and canned soft drinks and carbonated waters sector, is listed on the Nasdaq Capital Market under the ticker symbol (NASDAQ:CELH). The company’s strategic move to acquire Alani Nu, which is yet to be finalized, is anticipated to occur as early as April 2025, provided all conditions are met.
The company cautions that this forward-looking statement is not a guarantee of future performance and actual results could differ materially. Factors that may affect the outcome include the risk of unmet closing conditions, potential termination of the Purchase Agreement, regulatory clearance issues aside from the Hart-Scott-Rodino Act, and possible adverse impacts on Celsius or Alani Nu’s business during the transaction period.
This news article is based on a press release statement provided by Celsius Holdings, Inc. in a recent SEC filing. The company has advised that the information in this report is not to be considered as filed under the Securities Exchange Act of 1934, nor incorporated by reference into any filing under the Securities Act of 1933, unless explicitly referenced in such a filing.
In other recent news, Celsius Holdings reported a fourth-quarter adjusted earnings per share (EPS) of $0.14, surpassing the consensus estimate of $0.10, despite a year-over-year decline. The company also achieved net sales of $332.2 million, exceeding forecasts by $5.2 million, with a significant gross margin improvement to 50.2%. Analysts from Needham, Jefferies, and CFRA have all increased their price targets for Celsius Holdings, with CFRA setting the highest at $45, reflecting confidence in the company’s strategic growth initiatives. The acquisition of Alani Nu is viewed positively by analysts, who anticipate it will enhance Celsius Holdings’ market position and financial performance. Needham and Jefferies both retained a Buy rating, highlighting the accretive nature of the acquisition and its potential to boost sales and EBITDA. Furthermore, Celsius Holdings has appointed Eric Hanson as the new President and COO, effective March 24, 2025, as part of a leadership restructuring. Hanson brings extensive experience from his tenure at PepsiCo (NASDAQ:PEP), which is expected to support Celsius’s growth strategy. These developments reflect the company’s ongoing efforts to strengthen its market presence and optimize its operational capabilities.
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