SodaStream advances after announcing deal with Ocean Spray

theflyonthewall.com

Israel's SodaStream (SODA) is climbing after the company announced a partnership with Ocean Spray Cranberries. Under the deal, SodaStream, which develops home beverage carbonation systems, will license Ocean Spray juices which will be specially developed for SodaStream machines. The initial flavors that SodaStream will license from Ocean Spray include Cranberry, Cranberry-Grape and Cranberry-Raspberry, SodaStream stated. This is the second major partnership that SodaStream has unveiled this month. On February 14, the company announced that its automatic sparkling water dispenser would be included in some of Samsung's refrigerators. In mid-afternoon trading, SodaStream advanced $2, or 4.33%, to $48.35.

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