Coca-Cola closes on acquisition of Glaceau
June 08, 2007
by FoodBusinessNews.net Staff
ATLANTA — The Coca-Cola Co. has closed on its acquisition of Energy Brands, Inc., known as Glaceau. The acquisition gives Coca-Cola the company’s water brands, including vitaminwater.
"This acquisition fits perfectly within our focus on our North American business and our belief that, alongside our sparkling beverage leadership, an expanded active lifestyle business will greatly enhance our still beverage line-up," said Muhtar Kent, president and chief operating officer for Coca-Cola. "We’re pleased to have closed the transaction, and now we are moving full speed ahead to fully leverage Glaceau’s growth potential, first in the United States and then around the world."
Glaceau will be a separate business unit of Coca-Cola North America.