Louisville-based energy drink brand Alani Nu has been acquired for more than a billion dollars. The company, which touts itself as a "female-focused brand" that sells energy drinks and wellness products was purchased for $1.

Combined portfolio of energy drinks and wellness products expected to drive about $2 billion in sales once the deal is completed.

Celsius Holdings, Inc. announced that it has entered into a definitive agreement to acquire Alani Nutrition LLC (“Alani Nu”) for $1.8 billion, including $150 million in tax assets for a net purchase price of $1.