Friday, March 19, 2021

ZICO Reacquired from Coca-Cola


A successful senior executive, Thomas Hicks recently served as COO and senior vice president of sales and operations of Impact Group in Boise, Idaho. Currently, Thomas Hicks is the chief executive officer of ZICO Rising Inc. in Long Beach, California.


Founded in 2004, ZICO is a producer of pure premium coconut water. ZICO provides a natural and refreshing way to hydrate the body and renew strength with its constituent vital electrolytes - such as potassium (provided in a similar proportion as in banana) - in a body-friendly level of acidity. ZICO was bought by Coca-Cola in 2013. Coca-Cola sold the company roughly eight years later when the founder re-acquired ZICO from Coca-Cola under his investment company (Powerplant Ventures PPV). The price of the transaction remains undisclosed.

While the newly acquired company has been renamed ZICO Rising, it remains under the PPV portfolio. A growth equity fund, PPV dedicates efforts to transforming the world's health through the combined power of plants, people, and purpose-oriented corporations.

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