US: Coke boss refuses to be drawn on Glaceau deal

By just-drinks.com editorial team | 24 May 2007

Coca-Cola has refused to be drawn on rumours it is interested in acquiring the vitamin water maker Glaceau. However, the company's president has confirmed the soft drink giant is open to acquisitions.

Muhtar Kent was quoted by the news agency Reuters saying: "There are some rumours in the marketplace always about us acquiring certain companies. We do not comment on rumor and that's all I can say."

Earlier this week, Coca-Cola Co filed a premerger notification about the proposed acquisition of Glaceau.

Kent would only say that while boosting growth in existing businesses was the company's main priority, "we actually are very active in bringing in new portfolios to enhance, to supplement, to complement" the soft drink maker's product offering.

"In the future you will see more examples of that as we go around the world," he added, according to Reuters.

Sectors: Soft drinks

Companies: Coca-Cola Co