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Coca-Cola HBC Buys Italian Premium Mineral Water Maker Lurisia

By Donna Ahern
Coca-Cola HBC Buys Italian Premium Mineral Water Maker Lurisia

Coca-Cola HBC, which bottles Coca-Cola products in Europe, has agreed to buy Italian mineral water maker and sparkling beverage company Lurisia in a deal worth €88 million ($97 million), it said on Wednesday.

The acquisition, made together with global beverage group Coca-Cola, will allow the London-listed group to add premium Italian brands to a portfolio which already includes iced teas and plant based drinks.

Spring Sourced 

In addition to mineral water sourced from a spring in the mountains, Lurisia sells sparkling beverages based on ingredients sourced in Italy such as Chinotto and Gazzosa.

Coca-Cola HBC will buy the company from a group of investors, which include Italian private equity fund IDeA Taste of Italy and food retailer Eataly Distribuzione.

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As part of the transaction, Lurisia CEO Piero Bagnasco and Alessandro Invernizzi will remain on the board of the company, the buyer said in a statement.

News by Reuters, edited by Donna Ahern Checkout. Click subscribe to sign up for the Checkout print edition.

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