Coca-Cola's Brazilian unit is to acquire the juice maker Sucos Mais, according to local reports.

The Brazilian publication Gazeta Mercantil said Coca-Cola Brasil had announced it was acquiring 82% of Sucos Mais common shares and 41% of the total capital of a company worth BRL110m (US$46.24m).
The report said that details of the agreement will be disclosed soon.

Sucos Mais has a 13% stake in the Brazilian market behind the Mexican Del Valle, which holds 25%. Sucos Mais produces 50m liters of juice per year.

In January, as just-drinks reported, company executives at the Brazilian juice company denied they are in negotiations to sell to The Coca-Cola Company.

Local reports suggested that Coke was in negotiations to purchase Sucos Mais for approximately US$22m.

However, a Sucos Mais executive said at the time that while his company was talking to "various companies" it was not preparing a deal with Coca-COla and the owners were not interested in a sale at the moment anyway.