Mexican Coca-Cola unit takes control of Santa Clara

Juice maker Jugos del Valle has received regulatory approval to assume control of Mexican dairy firm Santa Clara as Atlanta-based Coca-Cola attempts to expand further into dairy products and non-carbonated beverages.

Jugos del Valle, which is jointly owned by Coca-Cola and the Mexican bottlers of Coca-Cola brand products, didn't disclose the purchase price for privately held Santa Clara.

A Coca-Cola representative said that Mexico's Federal Competition Commission approved the sale.


Source: Dow Jones