Global Processing

Coca-Cola Co., bottler buy bottled water company

March 2, 2009
The Coca-Cola Co. and Coca-Cola FEMSA, its biggest bottler in Latin America, have closed on their $92 million acquisition of Brisa, a bottled water company, according to the Associated Press. The two companies bought Brisa from Bavaria, a Colombia-based subsidiary of SABMiller. They split the cost of the buyout, the bottler said in a statement. After the closing, Brisa will continue to distribute the bottled water. Coca-Cola Co., the world''s biggest beverage maker, owns a 31.6-percent stake in Coca-Cola FEMSA. Coke sells Sprite, Fanta, VitaminWater, Lipton tea and other drinks.