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Tuesday 18

December, 2018 1:34 AM



Coca-Cola continues Oz beverages buy-up

Coca-Cola continues Oz beverages buy-up

The Coca-Cola Company has bought a minority stake in Australian beverages company Made Group which owns flavoured water brand NutrientWater.

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By AAP 04.10.2018 11:31 AM

Beverages giant Coca-Cola has added a rainbow of coloured water to its rivers of gold with a minority stake in an Australian drinks company.

The US-based Coca-Cola Company has purchased a 45 per cent stake in Made Group in a joint acquisition with local drinks distributor Coca-Cola Amatil.

Made's range of products includes a range of health-drinks including cold-pressed juices, dairy drinks, coconut water and cold-brew coffee. It also owns NutrientWater, its first product launched in 2005.

The deal, for an undisclosed sum, will see co-founders Luke Marget and Matt Dennis remain in charge of the business as it reaps the benefits of Cocoa-Cola Amatil's vast distribution network.

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