The Coca-Cola Company Announces Plans To Purchase FUZE Beverage, LLC
01 2월 2007 - 10:29PM
PR Newswire (US)
Purchase includes all FUZE and WaterPlus brands plus licensing
rights to NOS Energy Drink brand; Major additions to Coca-Cola's
enhanced juice and tea portfolio ATLANTA, Feb. 1 /PRNewswire/ --
The Coca-Cola Company today announced that it has signed an
agreement to purchase FUZE Beverage, LLC, maker of FUZE(R) enhanced
juices and teas. Financial details of the transaction were not
disclosed. The acquisition, which is subject to regulatory
clearance and certain other terms and conditions, includes all FUZE
Beverage, LLC brands, including the Vitalize, Refresh, Tea, and
Slenderize lines under the FUZE trademark, WaterPlus enhanced water
products, and license rights to the NOS(R) Energy Drink brands. If
approved, the transfer of ownership is expected to occur within the
first quarter of 2007, and FUZE will operate as a stand-alone
entity of The Coca-Cola Company. "We believe the FUZE brands will
be a strong complement to our beverage portfolio and an excellent
addition to the Coca-Cola System," said Sandy Douglas, president,
Coca-Cola North America (CCNA). "This is yet another example of how
we are expanding our portfolio to meet the growing consumer demand
for beverage variety and functionality through innovation, business
partnerships and acquisitions." FUZE beverages are among the
fastest-growing brands in the categories in which they compete.
Since the launch of the first FUZE products in 2001, the company
has grown rapidly and established itself as an innovative force,
launching more than forty new products and line extensions. This
spirit of innovation is captured in the FUZE brand's colorful and
artistic packaging, which has quickly become the brand's signature,
and in their unique and complex flavor blends which feature real
juice, vitamins, and antioxidants without artificial preservatives
or colors. "Expanding our beverage portfolio is an important
strategic priority for Coca-Cola Enterprises, and we believe FUZE's
innovative lineup of distinctive non-carbonated brands will
significantly enhance our product portfolio," said John F. Brock,
president and chief executive officer, Coca-Cola Enterprises.
Twenty Coca-Cola bottlers currently distribute FUZE beverages and
will continue to do so after the proposed purchase by The Coca-Cola
Company. "We have distributed FUZE beverages in our territory for
several years and they have been very popular with both our
customers and consumers," said Claude Nielsen, chief executive
officer, Coca-Cola United. "We look forward to working with CCNA to
achieve even greater success together." CCNA anticipates that
distribution of FUZE beverages will expand significantly as a
result of the proposed purchase. "We are very excited to join The
Coca-Cola Company and we see this as a great opportunity to further
accelerate the growth of our brand portfolio and take the business
to the next level," said Lance Collins, founder and chief executive
officer, FUZE Beverage, LLC. The acquisition of FUZE Beverage, LLC
is the latest in a series of recent actions by CCNA to expand its
beverage portfolio. In November 2006, CCNA and Caribou Coffee
announced plans to launch a new line of premium ready-to-drink iced
coffees this summer. In August, CCNA launched a new line of premium
indulgent beverages, Godiva Belgian Blends, in partnership with
Godiva Chocolatier. Godiva initially launched in the Northeast U.S.
and has now expanded into the Midwest and Southeast U.S., with
volume double original expectations. Last summer's reformulation
and restaging of Nestea ready-to- drink (RTD) teas was followed by
the launch of the new Gold Peak RTD tea by Beverage Partners
Worldwide (North America) (BPW), the Company's 50/50 joint venture
with Nestle, SA. Far Coast, a collection of premium brewed
beverages, was launched in a special "concept store" in Toronto,
ON, Canada in September and is currently being rolled out to other
retail customers in the Greater Toronto Area. The category-creating
calorie burner, Enviga, was launched regionally in November by BPW,
and will roll out nationally this month. About The Coca-Cola
Company The Coca-Cola Company is the world's largest beverage
company. Along with Coca-Cola, recognized as the world's most
valuable brand, the Company markets four of the world's top five
soft drink brands, including Diet Coke, Fanta and Sprite, and a
wide range of other beverages, including diet and light soft
drinks, waters, juices and juice drinks, teas, coffees and sports
drinks. Through the world's largest beverage distribution system,
consumers in more than 200 countries enjoy the Company's beverages
at a rate exceeding 1.3 billion servings each day. For more
information about The Coca-Cola Company, please visit our website
at http://www.thecoca-colacompany.com/. DATASOURCE: Coca-Cola North
America CONTACT: Scott Williamson of Coca-Cola North America,
+1-404-676-3288, or Web site: http://www.thecoca-colacompany.com/
Copyright