Keurig Dr Pepper (KDP) has agreed to acquire CORE Nutrition for $525m.

Keurig Dr Pepper is a producer and distributor of hot and cold beverages, while CORE Nutrition is a provider of bottled water and fruit-infused drinks.

The acquisition will be funded by KDP through its common stock. Following the transaction, KDP will continue to distribute CORE Hydration and CORE Organic through its delivery network and independent distributor network.

Evercore is the financial advisor for the deal, while Skadden, Arps, Slate, Meagher & Flom is the legal counsel to KDP for the transaction.

Gibson, Dunn & Crutcher is the legal counsel for the acquisition, while Whipstitch Capital provided a fairness opinion to CORE Nutrition for the transaction.

“M Line has completed an acquisition of the share capital of Best Choice Nuts, Candy and Specialties for $500,000.”

Electrolux has completed an acquisition of SPM Drink Systems.

Based in Sweden, Electrolux is a manufacturer of home appliances while SPM is a frozen and hot beverages producer based in Italy.

SPM has manufacturing facilities in Spilamberto, Modena, and generated net sales of €30m ($34.5m) in 2017.

The transaction meets Electrolux’s strategy of improving its presence in the hospitality industry.

Electrolux previously acquired Grindmaster-Cecilware in 2017 to strengthen its position in the beverages market.

M Line has completed an acquisition of the share capital of Best Choice Nuts, Candy and Specialties for $500,000.

The transaction enables M Line to increase its beverage and food distribution capabilities.

Each share is priced at $0.08, and half of the convertible preferred stock will be purchased for $250,000 over a period of 23 months.

M Line will also purchase an additional 20% of Best Choice Food and Beverage from Larry Skara.

The transaction will integrate M Line and Best Choice operations to create a larger product portfolio.