Coca-Cola to acquire Italian drinks company for €88m

Coca‑Cola HBC, the world's third largest Coca-Cola anchor bottler, is to acquire Acque Minerali Srl, a private natural mineral water and sparkling beverages business based in Italy. The acquisition is being made with The Coca-Cola Company, in-line with previous acquisitions.

The total value payable by the two Coca‑Cola businesses, subject to customary closing adjustments, is €88-million. The acquisition is still subject to certain approvals and conditions and is expected by the end of 2019.

Founded in 1940 in Roccaforte Mondovì, Northwest Italy, Acque Minerali is a producer and distributor of premium, natural mineral water and adult sparkling beverages under the Lurisia brand. The company offers still and sparkling water in PET and glass packaging, sourced from springs 1,400 metres above sea level in Monte Pigna. 

The company has been a pioneer in offering water products in bell-shaped glass bottles, designed by the Italian architecture and design studio Sottsass Associati. In the adult sparkling segment, Lurisia offers beverages inspired by authentic Italian recipes, based on ingredients sourced within the country. 

Lurisia products enjoy high brand awareness in Italy and are associated with quality, authenticity, taste and the Italian lifestyle. Since 2008, the company has been a partner in the events organised by Slow Food, a non-profit organisation set up in 1986 in Italy promoting local food and traditional cooking.

In a statement, Coca-Cola HBC said: "The acquisition of Lurisia complements the existing Coca-Cola HBC beverage portfolio in Italy and is a strong fit for the company’s 24/7 total beverage partner strategy. It supports the company’s drive to further premiumise its portfolio and offer consumers an authentic Italian brand with strong heritage and well-rooted Italian origins."

Offering ready-to-drink beverages in the sparkling, juice, water, sport, energy, tea and coffee categories, Coca-Cola HBC has annual sales of more than 2 billion unit cases. It has large geographic footprint with operations in 28 countries serving a population of more than 600 million people.

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