Coca-Cola agrees to buy vitamin water maker Glaceau for $4.1 B
By The Associated Press
Posted 6:40AM on Friday 25th May 2007 ( 18 years ago )
<p>The Coca-Cola Co. said Friday it has agreed to buy vitamin water maker Glaceau in a cash deal valued at $4.1 billion.</p><p>The world's largest beverage maker said the agreement to acquire Energy Brands, Inc., known as Glaceau, provides Atlanta-based Coca-Cola with a strong platform to grow its active lifestyle beverages.</p><p>The transaction is expected to be accretive to Coca-Cola's earnings per share in the first full year following completion of the acquisition, Coca-Cola said in a statement.</p><p>Glaceau is the maker of vitaminwater, fruitwater, smartwater and vitaminenergy.</p>
http://accesswdun.com/article/2007/5/97222
© Copyright 2015 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.