PepsiCo to Acquire Brazilian Water Company
PepsiCo Inc. agrees to acquire Amacoco Nordeste Ltda. and Amacoco Sudeste Ltda. (Amacoco), Brazil's largest coconut water company. The agreement is the most recent step in PepsiCo's strategic transformation of its beverage portfolio and marks the company's entry into the market for coconut water, a source of natural hydration popular in Brazil and dozens of other countries.
"We're delighted to welcome Amacoco into the PepsiCo family," says Massimo d'Amore, chief executive officer of PepsiCo Americas Beverages (PAB). "Amacoco is an outstanding company that I have known and admired for a long time. Amacoco will complement our current business and enhance our growth prospects throughout Latin America and beyond. Even in the nascent U.S. market, coconut water sales are enjoying extraordinary growth."
Amacoco makes and sells Brazil's coconut water brands, Kero Coco and Trop Coco. The agreement includes two manufacturing facilities, one in Petrolina in the state of Pernambuco in Northeast Brazil and a recently opened plant in Sao Mateus in the state of Espirito Santo in the Southeast. In addition, the transaction includes exclusive contracts to assure a supply of high-quality coconut water from partners with longstanding expertise in coconut planting and harvesting.
"We're delighted to welcome Amacoco into the PepsiCo family," says Massimo d'Amore, chief executive officer of PepsiCo Americas Beverages (PAB). "Amacoco is an outstanding company that I have known and admired for a long time. Amacoco will complement our current business and enhance our growth prospects throughout Latin America and beyond. Even in the nascent U.S. market, coconut water sales are enjoying extraordinary growth."
Amacoco makes and sells Brazil's coconut water brands, Kero Coco and Trop Coco. The agreement includes two manufacturing facilities, one in Petrolina in the state of Pernambuco in Northeast Brazil and a recently opened plant in Sao Mateus in the state of Espirito Santo in the Southeast. In addition, the transaction includes exclusive contracts to assure a supply of high-quality coconut water from partners with longstanding expertise in coconut planting and harvesting.