Celsius Acquires Alani Nutrition as Functional Beverage Market Poised To GrowCelsius Holdings is purchasing Alani Nutrition, which includes a portfolio of functional beverages — drinks that provide specific health benefits beyond basic hydration — and energy drinks and protein powders bars. Celsius Names Eric Hanson President & COOCelsius Holdings, which produces the Celsius and Celsius Hydration brands of beverages — and of which PepsiCo is a primary owner — has named a new president and chief operating officer. Learn more. PepsiCo Expands Reach With Celsius, Aqua Carpatica Deals PepsiCo is leveraging its beverage distribution capabilities to grow its reach with a pair of new agreements and investments.