16th January 2018

Coca Cola affiliates in Chile to buy the company that produces the Guallarauco brand

CHILE     The Chilean affiliate of Coca-Cola Co (KO.N) and local bottlers of the brand agreed to buy smaller rival Comercializadora Novaverde SA for $80 million, the companies announced.
Embotelladora Andina AND_pb.SN, Embonor Coca-Cola del Valle New Ventures and Coca-Cola de Chile agreed to buy the company best known for producing the brand of juices, ice cream and frozen fruits Guallarauco from Inversiones Siemel SIE.SN, according to a securities filing in January. The merger is subject to approval by regulators.

Source: Reuters

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