"Two weeks after acquiring Australia's first kombucha maker, The Coca-Cola Co and its local bottler Coca-Cola Amatil have agreed to buy a 45 per cent stake in Melbourne-based beverages business Made Group.
Made owns popular beverage brands including Cocobella coconut water and coconut yoghurt, Rokeby Farms high-protein smoothies and yoghurt, Impressed cold-pressed juices and almond milk, and vitamin enhanced NutrientWater.
Sales have been growing by more than 20 per cent a year over the last few years – fuelled by the consumer shift towards healthier and functional beverages – and now have an annualised retail value of around $130 million.
The deal was announced on Thursday and followed The Coca-Cola Co's acquisition last month of 100 per cent of South Australian based beverage company Organic & Raw Trading Co, which makes the MOJO brand of organic, naturally fermented kombucha."
Please DYOR as this is not a buy or sell recommendation
Cheers
GF
CCL Price at posting:
$10.13 Sentiment: Buy Disclosure: Held
