GlobeNewswire·Jul 22, 2026, 4:30 PM ET

The Vita Coco Company Announces the Acquisition of Copra, Inc.

Vita Coco acquired Copra, Inc., a leading producer of super-premium Thai Nam Hom coconut water, to enter the super-premium cold-chain segment.
The transaction closed on July 22, 2026, with an upfront cash consideration of $175 million funded 80% from on-hand cash \& the balance in common stock.
Additional earnout consideration will be paid in 2029 based on 2028 financial performance, ranging from a $45 million floor to a $100 million cap.
Copra operates a factory in Thailand providing direct access to Nam Hom coconuts \& utilizes an extract-and-fill-on-site model.
Copra expects full-year 2026 net sales to exceed $100 million, with current sales predominately in the Americas.
The acquisition is expected to be accretive to Vita Coco's Adjusted EBITDA margins following full integration.
Vita Coco plans to leverage its sales \& marketing expertise to accelerate Copra's branded growth while expanding capacity \& operational efficiency.
Financial advisors for Vita Coco were Evercore \& legal advisors were Ballard Spahr LLP.
Financial advisors for Copra were Whipstitch Capital \& legal advisors were Cooley LLP.