Unilever to Sell AdeS Soy Beverage Business in Latin America
Unilever, one of the world’s leading suppliers of Personal Care, Foods, Home Care and Refreshment products, has agreed with Coca Cola FEMSA and The Coca Cola Company to sell the AdeS soy beverage business in Latin America for an aggregate amount of US$575 million. The AdeS brand currently has a presence in Brazil, Mexico, Argentina, Uruguay, Paraguay, Bolivia, Chile, and Colombia.
“This sale is a step in reshaping our portfolio in Latin America to deliver sustainable growth for Unilever and enables us to sharpen our focus. AdeS is an iconic brand and we believe that its potential can be fully realized within the Coca-Cola system,” says Miguel Kozuszok, EVP Latin America Unilever.
The transaction is subject to regulatory approvals and customary closing conditions.
“The acquisition of AdeS marks another milestone for the Coca-Cola system in providing increased choice of nutritious and delicious products to our consumers. AdeS is a leading brand in its category and we are very excited to add it to our stills portfolio. This continues the successful joint venture partnerships with our Latin American bottling partners and brings more innovative offerings to our markets,” says Brian Smith, President, Latin America Group, The Coca-Cola Company.
