USA: Coca-Cola takes full control of Fairlife JV
Coca-Cola, the soft drinks giant, has announced it has taken full control of the Fairlife dairy brand after agreeing a deal for the remaining 57.5% stake in the business from its joint venture partner Select Milk Producers. Fairlife came to prominence in 2014, when Coca-Cola announced it was entering the dairy sector with a new premium brand of […]
USA: Coca-Cola to invest in Ethiopia
Coca-Cola, the US-based soft drinks giant, is planning to expand its presence in sub-Saharan Africa with a five-year, $300 million investment in Ethopia, according to a report in Food Business Africa. The additional investment forms part of an existing project through which the company will establish a new $70 million plant in Sebeta for the […]
UK: Coca-Cola launches RTD coffee under the Costa brand
Coca-Cola, the global soft drinks giant, has announced it is launching a new lineup of RTD coffee under the Costa brand for consumers in the UK. “The ready-to-drink offering contains a double shot of Costa Coffee’s smooth and delicious Mocha-Italia signature blend, to deliver the same Costa Coffee experience which consumers know and love”, the […]
UK: Coca-Cola to launch Coca-Cola Energy
Coca-Cola, the soft drinks giant, is launching Coca-Cola Energy, a new energy drink brand for the European market. Featuring “a great Coca-Cola taste and feeling that people already know and love”, the new drink is said to be taurine-free and to feature caffeine from naturally-derived sources, guarana extracts, and B vitamins. Coca-Cola Energy is being […]
Canada: Coca-Cola upgrades plant to produce “mini bottle”
The Canadian arm of drinks giant Coca-Cola has announced it is spending around C$20 million ($15 million) to upgrade its production lines at a plant in Brampton, Ontario to manufacture a new 250ml “mini bottle” for its Coca-Cola, Coca-Cola Zero, Diet Coke and Sprite brands. In a statement, the firm said the bottle was the […]
Nigeria: Coca-Cola takes full ownership of Chi
Coca-Cola has announced it has taken full ownership of Chi, described as Africa’s leading producer of juice and value-added dairy drinks. The soft drinks giant had previously taken a 40% stake in the Nigerian firm, with provision to increase equity investment to 100% within three years. The deal “further signals Coca-Cola’s optimism about Africa’s consumer opportunity and a […]
Brazil: Coca-Cola introduces Leao tea capsules
Coca-Cola has announed the launch of tea capsules under its Leao and Matte Leao brands for the Brazilian market. The new tea capsules are said to be compatible with Nespresso coffee makers and are available in three versions: Matte Leao Original and the “premium” line Leao Senses, which comes in the flavours Blackberry, Blueberry & […]
Belgium: Coca-Cola adds canned drinks line to Ghent site
Soft drinks giant Coca-Cola has announced an investment of €27.9 million ($31.6 million) in its production facility in Ghent, Belgium to install a canned drinks line. The new can line will be added to the current production lines at the facility, which comprises one glass packaging line and two juice lines. Commenting on the investment, […]
USA: Coca-Cola takes minority stake in functional drinks firm Bodyarmor
Soft drinks powerhouse Coca-Cola has announced it has entered into a definitive agreement to acquire a minority stake in functional drinks business Bodyarmor for an undisclosed sum. The firm said that the deal was “uniquely structured to create value for both companies” and would allow it to increase its holding in the future, including a “path to […]
Uruguay: Coca-Cola FEMSA to acquire Montevideo Refrescos in $250 million deal
Coca-Cola FEMSA, the largest Coca-Cola franchise bottler in the world by sales volume, has announced the acquisition of Montevideo Refrescos (Monresa) from Coca-Cola Co for $250.7 million in an all cash transaction. The deal, which was made on a cash-free and debt-free basis, increases the presence of Coca-Cola FEMSA to 11 countries aroundthe world. With […]