CCL 0.00% $13.30 coca-cola amatil limited

CCL acquisition today announced in the Fin Review 1 hour ago....

  1. 3,651 Posts.
    lightbulb Created with Sketch. 69
    CCL acquisition today announced in the Fin Review 1 hour ago. Didnt see any material or market announcement by the Company itself which I find odd to say the least.
    https://www.copyright link/business...-in-beverage-maker-made-group-20181004-h167ud

    "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
 
watchlist Created with Sketch. Add CCL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.