Celsius Holdings said on Thursday it would buy health and wellness drinks brand Alani Nutrition in a $1.8 billion deal through a combination of cash and stock, boosting its portfolio to build on the growing demand for sports and energy beverages.

Celsius came into its fourth-quarter financial report with investors having been prepared for some less-than-stellar numbers, given performance in recent periods. As a result, even what might otherwise have been a lackluster 4% year-over-year drop in revenue and an 18% decline in adjusted earnings per share were still better than most had anticipated.