AUSTRALIA: C-C Amatil looks to non-carbs for acquisitions

By | 1 October 2002

C-C Amatil has hinted that it is in the market to make acquisitions in the non-carbonated drinks sector.

The soft drink bottler said that while there is still a preference for internal growth, which would include new product launches, Amatil's strong free cash flow would allow it to look for acquisitions in the area as well.

CCA currently gets about 10% of its revenue from the faster-growing non-carbonated soft drink category.   Coca-Cola Amatil Ltd chief executive Terry Davis said on Monday that the company was on the look-out for non-carbonated drink acquisitions.

chief executive Terry Davis said at a Merrill Lynch Australasia Investment Conference that: "We feel that in the area of juice and water particularly that there are opportunities in each of our markets."

Tha company also took the opportunity to reiterated that its calendar 2002 calendar profit result would be towards the upper end of a 10-15% target range.

C-C Amatil posted a first half net profit of A$94.2m ($50.9m).

Companies: Amatil

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AUSTRALIA: C-C Amatil looks to non-carbs for acquisitions

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