PepsiCo, Inc. (NYSE:PEP) is reportedly considering acquiring New York-based All Market Inc., which owns coconut water brand, Vita Coco.

A deal could be finalized in a month, people familiar with the matter told CNBC. The sources said that multiple parties have expressed interest in buying All Market.

PepsiCo has made less than $1 billion offer for All Market, according to the sources.

All Market

Founded in 2004, All Market produces and supplies coconut water. It offers its products through retailers and online retailers in the United States, Canada, Europe, Japan, China, and New Zealand.

All Market’s investors include Madonna and Matthew McConaughey. Other investors include Verlinvest and T.C. Pharma. Verlinvest is the family office of one of the Belgian families tied to brewer Anheuser-Busch InBev. T.C. Pharma, which owns Red Bull China, also bought a 25% stake in All Market in 2014.

Vita Coca is a leading and largest brand in the coconut water segment within the beverage category. The brand has a 26% share of a market worth $2.5 billion.

PepsiCo Also Selling Stake in Britvic

Meanwhile, PepsiCo, Inc. (NYSE:PEP) has decided to unload its stake in Britvic PLC.

The global food and beverage company holds a 4.5% stake in Britvic.

PepsiCo plans to sell up to 11.8 million shares in Britvic in an accelerated bookbuild.

Britvic is engaged in producing and selling Pepsi products in the United Kingdom and Ireland. The company also makes and markets juices and mixers under its own brand.

Shares of PepsiCo, Inc. (NYSE:PEP) were trading down 0.09% on Wednesday. The stock is up more than 11% so far this year.