Culiangwang Beverages

Coca-Cola is to acquire the Chinese red bean and green drinks maker Culiangwang Beverages, according to a report in Reuters. Valued at $400.5 million including debt, the deal will reportedly allow Coca-Cola to expand its presence in the multi grain beverages market. “The proposed acquisition is in line with Coca-Cola China’s strategy to continue providing a diverse range of beverage products to Chinese consumers with plant-based protein drinks representing a …