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Coke is buying a $400 million foothold in China's fast-growing 'multi-grain drinks' market

2015-04-17 20:31:43| Beverages - Topix.net

Coca-Cola Co has agreed to buy the beverage business of China Culiangwang Beverages Holdings Ltd for $400.5 million including debt, to get a foothold in the fast growing multi-grain drinks category. The deal marks Coke's first takeover in China since the country's antitrust regulator blocked its bid to buy local fruit juice maker Huiyuan in 2010.

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