All articles tagged with #bang energy
Monster Beverage has announced its plans to acquire Bang Energy, a popular energy drink brand, out of bankruptcy for $362 million. The acquisition will allow Monster Beverage to expand its product portfolio and strengthen its position in the competitive energy drink market.
Monster Beverage is set to acquire Bang Energy for $362 million, pending approval from the Federal Trade Commission. Bang Energy has been facing financial troubles and filed for bankruptcy in October 2022. The acquisition would be a significant win for Monster, which holds a dominant 35.1% share of the energy drink market compared to Bang's 2.6%. The deal could potentially save Bang from liquidation and job losses for its 700 employees. Monster's diverse portfolio and strong market presence make it an industry giant, and the acquisition would further solidify its position in the energy drink market.