Coca-Cola to buy Unilever’s AdeS unit for $575 mn

Bloomberg

Coca-Cola Co. and bottler Coca-Cola Femsa SAB agreed to buy Unilever’s AdeS soy-based beverage business for about $575 million, expanding the beverage giant’s sales of non-soda drinks and boosting its business in Latin America.
After the takeover is completed, AdeS will become part of the non-carbonated beverage platforms that Coca-Cola Femsa and Coca-Cola share in its franchise territories, the Atlanta- and Mexico City-based companies said in a statement.
The acquisition gives Coca-Cola and its largest Latin American bottler a company that had about $284 million in sales last year. AdeS, which sells beverages that are a mix of fruit juice and soy, has a presence in Brazil, Mexico, Argentina, Uruguay, Paraguay, Bolivia, Chile and Colombia.