Sector News

Coca-Cola HBC buys Italian premium mineral water maker Lurisia

September 19, 2019
Food & Drink

Get involved in the discussion! Click here to comment on this story

Coca-Cola HBC, which bottles Coca-Cola products in Europe, has agreed to buy Italian mineral water maker and sparkling beverage company Lurisia in a deal worth 88 million euros ($97 million), it said on Wednesday.

The acquisition, made together with global beverage group Coca-Cola, will allow the London-listed group to add premium Italian brands to its portfolio, which includes iced teas and plant based drinks.

In addition to mineral water sourced from a spring in the mountains, Lurisia sells sparkling beverages based on ingredients sourced in Italy such as Chinotto and Gazzosa.

Coca-Cola HBC will buy the company from a group of investors, which include Italian private equity fund IDeA Taste of Italy and food retailer Eataly Distribuzione.

As part of the transaction, Lurisia CEO Piero Bagnasco and Alessandro Invernizzi will remain on the board of the company, the buyer said in a statement.

By Francesca Landini

Source: Reuters

Join the discussion!

Your email address will not be published. Required fields are marked *

Related News

November 15, 2019

Snacks are officially the new meals, Mondelez report finds

Food & Drink

LinkedIn Twitter FacebookWould you be willing to give up social media for a month to have your favorite snack every day? What about your cell phone? Three in 10 adults […]

November 15, 2019

Harald Ullevoldsæter named Orkla chief financial officer

Food & Drink

LinkedIn Twitter FacebookOrkla has appointed Harald Ullevoldsæter as its new chief financial officer, effective 1 March 2020, to replace Jens Bjørn Staff. Ullevoldsæter, 56, returned to Orkla earlier this year […]

November 14, 2019

JM Smucker announces chief financial officer succession plan

Food & Drink

LinkedIn Twitter FacebookJM Smucker has announced that its CFO Mark Belgya will retire on 1 September 2020, to be replaced by Tucker Marshall, the company’s vice president of finance. Marshall […]

Subscribe to our Weekly Newsletter

We're easy to reach