Coca-Cola Tees Up In Brazil

Coca-Cola has added to its portfolio of Brazilian beverage companies with the acquisition of tea producer Leão Junior. The company is a leader in the ready-to-drink tea market with well-known brand Matte Leão. The purchase by Coca-Cola, for an undisclosed sum, follows the acquisition late last year of a 50% stake in juice-maker Del Valle, with Mexican bottler Femsa, for $470 million.