ATLANTA — The Coca-Cola Co. has acquired fairlife L.L.C., a manufacturer of ultra-filtered, high-protein dairy products, from Select Milk Producers, Artesia, N.M. Terms of the agreement were not disclosed.
Coca-Cola owned a minority stake in fairlife for several years. The dairy processor’s distribution footprint has expanded throughout the United States and Canada. In 2019, fairlife generated more than $500 million in sales, according to the company, and is undergoing capacity expansion with the construction of a new processing plant in Goodyear, Ariz.
“We are excited for the next chapter of fairlife’s growth and innovation and look forward to continuing to work with our partners across the Coca-Cola system to meet fast-changing consumer needs in a vibrant category,” said Timothy P. Doelman, chief executive officer of fairlife. “We set out in 2012 to harness the power and nutrition of dairy and give people great-tasting products that provide the nutrition they are looking for. Our innovative product lines will continue to grow and improve with the strength and scale of The Coca-Cola Co.”
Coca-Cola said fairlife will continue to operate as a standalone business in Chicago.
“Fairlife is a great example of how we’re continually expanding our total beverage portfolio to bring people more of the brands they love,” said James L. Dinkins, president of Coca-Cola North America. “This agreement will help ensure that we continue to build on fairlife’s innovative history by combining their entrepreneurial spirit and innovation capabilities with the resources, reach and expertise of Coca-Cola.”