Coca-Cola HBC, which bottles Coca-Cola in Europe, has consented to purchase Italian mineral water creator and sparkling beverage firm Lurisia in an arrangement worth 88 million euros ($97 million), it stated on Wednesday.
The procurement made together with worldwide beverage bunch Coca-Cola, will permit the London-listed gathering to add premium Italian brands to a portfolio which as of now incorporates iced teas and plant-based beverages.
Notwithstanding mineral water sourced from a spring in the mountains, Lurisia sells sparkling drinks dependent on fixings sourced in Italy, for example, Chinotto and Gazzosa.
Coca-Cola HBC will purchase the organization from a gathering of investors, which incorporate Italian private value subsidize IDeA Taste of Italy and food retailer Eataly Distribuzione.
As a major aspect of the exchange, Lurisia CEO Piero Bagnasco and Alessandro Invernizzi will stay on the leading body of the organization, the purchaser stated in an announcement.