The London-listed mixer-maker said Molson Coors would acquire an 8.5% shareholding in Fevertree.

Molson Coors Beverage (NYSE:TAP) has agreed to acquire an 8.5% stake in Fevertree Drinks, becoming its largest shareholder, as the Coors Light beer maker looks to expand its U.S. non-alc portfolio through a new strategic partnership,

The Coors Light manufacturer’s 8.5% stake in the nonalcoholic carbonated mixer, worth $89 million, further builds on its long-term strategy of increasing its exposure beyond beer.