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Bolthouse Farms and Starbucks entered into a definitive agreement for Bolthouse Farms to acquire the brand and business of Evolution Fresh. The employees that support the business will also transition to Bolthouse Farms later this year upon close of the transaction.
Starbucks Coffee has agreed terms with Bolthouse Farms for the sale of its cold-pressed juice brand and business Evolution Fresh, the two companies announced late on Tuesday. Financial details of the transaction, expected to close later this year, were not released.