US-based beverage solutions developer BevSource has acquired Lithuanian-based drinks producer MyDrink Beverages.

With the acquisition, BevSource intends to expand its products offering and further enhance its customer base.

Based in Minnesota, US, BevSource has been in the beverage business for more than a decade providing beverage development services and operations solutions to its clients.

“This unique combination of experience will open new opportunities for our clients.”

BevSource president Todd Geisness said: “For years, MyDrink Beverages has demonstrated its expertise at grabbing the attention of beverage entrepreneurs and brand owners throughout the world.

“In addition, it was clear to us that MyDrink Beverages aligned with BevSource values and level of service. We are looking forward to growing our business.”

Both BevSource and MyDrink Beverages intend to provide beverage manufacturing and consulting services to companies across the European market.

Headquartered in Kaunas, Lithuania, MyDrink Beverages has been engaged in beverage development and marketing since its inception in 2008.

MyDrink Beverages founder and CEO Adomas Pranevicius said: “The acquisition of MyDrink Beverages is perfect proof that during the last ten years we managed to build an industry-leading company for beverage development services. This unique combination of experience will open new opportunities for our clients.”