Starbucks (NASDAQ: SBUX) and Bolthouse Farms announced entry into a definitive agreement for Bolthouse Farms to acquire the brand and business of Evolution Fresh. The partners (employees) that support the business will also transition to Bolthouse Farms upon close of the transaction.
Evolution Fresh is a California-based non-alcoholic beverage processing company that produces products such as fruit juices, smoothies and gourmet soups.