Food and drinks giant, Nestle, has reached an agreement with the Mexican food company, Grupo Herdez, which will see the Mexican company take over the distribution of the Perrier mineral water brand in southeastern Mexico.
Herdez announced the deal, which was signed at the start of the year, in a filing with the Mexican Stock Exchange.
The mineral water market in Mexico is estimated to be growing by about 7% a year. Penafiel, a carbonated bottled water owned by Cadbury Schweppes, is the market leader.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Drinks Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Drinks Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
