DALLAS, Texas - BeaconEquity.com announces the publication of ‘Coca-Cola Co. (KO) Bids $2.4 Billion for Huiyuan Juice Group, Eyes Expansion in the Chinese Beverage Market’
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Coca-Cola Co. (KO) Bids $2.4 Billion for Huiyuan Juice Group, Eyes Expansion in the Chinese Beverage Market
”Marking the largest-ever takeover in China's food and beverage industry and the biggest in China this year, Coca-Cola late Tuesday announced it will make a $2.4 billion cash offer to acquire Hong Kong-based China Huiyuan Juice Group…
“According to Coca-Cola CEO Muhtar Kent, Huiyuan is a long-established and successful juice brand in China and is highly complementary to the Coca-Cola China business. Kent added that the acquisition will deliver value to its shareholders and provide a unique opportunity to strengthen its business in China, especially since the juice segment is so dynamic and fast growing in China…
“China's beverage sector is one of the most dynamic of the overall food and beverage industry. The Chinese Beverage Industry predicts that by 2010, total annual output of the beverage industry will reach 68 million metric tones, of which carbonated beverage will only account for 18%, while juice and juice beverages will make up 14% and tea drinks 15%…”
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