Coca-Cola HBC Buys Italian Premium Mineral Water Maker Lurisia

By Dave Simpson
Coca-Cola HBC Buys Italian Premium Mineral Water Maker Lurisia

Coca-Cola HBC, which bottles Coca-Cola products in Europe, has revealed that it has agreed to purchase Italian mineral water maker and sparkling beverage company Lurisia in a deal worth €88 million.

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.

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.

Buying From Investor Group

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.

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 Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.