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Natural Tea could join Coca Cola

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Published December 26, 2007 at 3:30 PM

Coca Cola Inc. knows its future lies on products outside of its traditional carbonated drinks. That's why the Atlanta-based company has made a strong push to growing its complementary businesses.

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Coca Cola maybe close to making an investment in Honest Tea, according to report in Money Magazine, which cited the industry publication Beverage Digest. Honest Tea, a maker of organic teas, posted $9.5 million in annual sales in 2006. In 2007, Coca Cola has been very aggressive on the M&A front in the non carbonated drink sector buying: Energy Brands Inc. for $4.2 billion in May and juice and tea maker FUZE Beverage in February. — Gerald Magpily

See Atlantc Business Chronicle
See TheDeal.com: Coke picks up Glacéau for a price



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Comments

From: Ron Hunt,

Coke adds life.

Posted on: December 28, 2007 8:35 AM


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