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Koios Closes Acquisition Of Retox Beverage Corp.

Apr 25, 2022over 3 years ago

Acquiring Company

Koios Beverage

Acquired Company

Retox

Food And BeverageHealth CareOtherHealth Care

Description

Koios Beverage Corp. (CSE: FIT; OTC: FITSF) (the "Company" or "Koios") is pleased to announce that further to the February 28, 2022 and April 6, 2022 news releases, it closed the definitive agreement (the “Agreement”) on April 22, 2022 to acquire all of the issued and outstanding securities from the shareholders of Retox Beverage Corp. (“Retox”), a privately held beverage company that is focused on the production of creative soft beverages, sodas and seltzers (the “Acquisition”).

Company Information

Company

Koios Beverage

About

The Company is an emerging functional beverage company which has an available distribution network of more than 4,400 retail locations across the United States in which to sell its products. Koios has relationships with some of the largest and most reputable distributors in the United States, including Europa Sports, Muscle Foods USA, KeHE, and Wishing-U-Well. Koios uses a proprietary blend of nootropics and natural organic compounds to enhance human productivity without using harmful chemicals or stimulants. Koios products have been shown to enhance focus, concentration, mental capacity, memory retention, cognitive function, alertness, brain capacity and create all day mental clarity. Its ingredients are specifically designed to target brain function by increasing blood flow, oxygen levels and neural connections in the brain. Koios produces one of the only drinks in the world infused with MCT oil. MCT oil is derived from coconuts and has been shown to help the body burn fat more effectively, create lasting energy from a natural food source, produce ketones in the brain, allowing for greater brain function and clarity, support healthy hormone production and improve immunity. For more information, please visit our website: https://www.koiosbeveragecorp.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed