Coke Acquires U.S. Rights To Mexican Sparkling Water Brand

Mexico-based Arca Continental, one of the biggest of Coca-Cola’s Latin American bottlers, confirms that it has purchased the U.S. rights to mineral water brand Topo Chico for $220 million. The deal was forged by Coke’s Venturing & Emerging Brands unit that focuses on “smaller, high-value brands” that don’t make soda, such as Honest Tea and ZICO coconut water. Most of Topo Chico’s U.S. sales – about 70 percent – are in Texas. Coca-Cola continues to expand its non-soda product lines as consumers seek more healthful beverage options, including sparkling waters, which is a $2.3 billion market in the U.S.