Vita Coco acquires Copra for $175M upfront plus earnout, entering super-premium coconut water

Filed July 22, 2026 · Period ending July 22, 2026 · ~2 min read

Key Changes

• high

  Vita Coco acquired Copra Inc. for $175M upfront (80% cash, 20% stock) plus earnout of $45M-$100M tied to 2028 performance, closing July 22, 2026. Copra produces super-premium Thai Nam Hom coconut water, a fast-growing segment where Vita Coco had no presence.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Copra expects over $100M in net sales for 2026, growing at 48% CAGR over three years. The super-premium segment represents 12-13% of the $1.6B U.S. coconut water category and is growing 34% year-to-date.

  Exhibit 99.1 view on EDGAR →
• medium

  Earnout payment ranges from $45M to $100M based on Copra's gross profit during calendar 2028, payable in 2029 in cash, stock, or combination at Vita Coco's discretion. Measurement period accelerates to 2027 if Vita Coco undergoes a change of control.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →