Blue Gold Beverages has signed a letter of intent to acquire the assets of Epic Nutrition in the US.

Both parties are in the final stages of the due diligence period. No financial details of the transaction were disclosed.

Epic is a Florida-based producer of energy and sports performance products.

"We ... consider the Epic line of products to be an excellent addition to our line-up given that the American energy drink market is anticipated to reach ... US$19.7bn in 2013," said Blue Gold Beverages' president and CEO, Daniel Solomita.