1st Jun 2016 13:35
ATLANTA (Alliance News) - The Coca-Cola Co, together with Coca-Cola FEMSA, SAB de CV announced it has entered into an agreement to acquire Unilever PLC's AdeS soy-based beverage business for an aggregate amount of USD575 million.
AdeS is the leading soy-based beverages brand in Latin America.
Post completion, the AdeS business will become part of the non-carbonated beverage platforms that Coca-Cola FEMSA shares with The Coca-Cola Co in its franchise territories.
The AdeS brand currently has a presence in Brazil, Mexico, Argentina, Uruguay, Paraguay, Bolivia, Chile, and Colombia. During 2015, AdeS sold 56.2 million unit cases of beverages and generated net revenues of USD284 million.
Copyright RTT News/dpa-AFX
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