Coca-Cola Co. is looking to make small, regional acquisitions in a bid to strengthen its portfolio of non-carbonated beverage brands, according to an interview with the group's chairman and CEO, Neville Isdell, in the Financial Times.

Isdell told the FT that the company was interested in deals similar to the series of bottled water and juice acquisitions Coke has made in Europe recently.

While analysts have suggested that Coke needs to make a large global acquisition, Isdell said the company was unlikely to do so. Isdell also said that he saw no pressing need for Coke to diversify into the food sector.