PepsiCo Buys Coconut Water Business

Soft drink giant PepsiCo has announced the acquisition of Brazilian coconut water producer Amacoco Nordeste and Amacoco Sudeste (Amacoco) for an undisclosed fee. The move increases PepsiCo's exposure to the attractive Brazilian soft drinks sector, which beyond 2009 is expected to register rapid growth (see chart), and can also be seen as an attempt to diversify into healthier soft drink varieties, with the possibility of PepsiCo now focusing on the coconut water category in other markets, including Europe and North

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