Originally published July 5, 2007 at 12:00 AM | Page modified July 5, 2007 at 2:01 AM
E-mail article
Print viewCoca-Cola considers acquiring Snapple tea brand
Coca-Cola is exploring whether to buy Cadbury Schweppes' Snapple iced-tea brand or build its own tea brand, a spokesman said Wednesday. "We're always looking at whether...
The Associated Press
ATLANTA — Coca-Cola is exploring whether to buy Cadbury Schweppes' Snapple iced-tea brand or build its own tea brand, a spokesman said Wednesday.
"We're always looking at whether to build or buy," spokesman Dana Bolden said, confirming a comment by Chief Executive Neville Isdell to a reporter during a social-economic conference in Geneva.
Bolden declined to say if Coca-Cola has approached private-equity funds that have reportedly been involved in bidding for Cadbury's U.S. drinks business, which includes the Snapple brand.
Cadbury Schweppes, which is based in Britain, said in March that it planned to split, separating its confectionery and soft-drinks businesses, as it apparently bowed to pressure from investors led by U.S. billionaire Nelson Peltz.
Last month, Coca-Cola completed its $4.1 billion purchase of Glaceau, maker of Vitaminwater. Glaceau, also known as Energy Brands, was Coke's largest acquisition ever.
Copyright © 2007 The Seattle Times Company
E-mail article
Print view
Digg
Newsvine
Chase shrugs off loss of CD investors
Sunday Buzz: Expedia, Intelius, Classmates slapped by Senate report
Denny Triangle gains skyline, but tenants slow to come
UPDATE - 04:28 PM
Senate Democrats at odds over health care bill
Your Funds: Money for nothing: Some investors pay for advice they never get
LA Galaxy's David Beckham
Los Angeles Galaxy's David Beckham talks about the upcoming MLS Cup final during after a team practice.
Real Salt Lake's Kyle Beckerman
MLS trophy arrives in Seattle
Chittenden Locks Inspection
Interview with New Moon actors
Full interview with New Moon actors
Artistic Roller Skating
Girls Soccer: Mercer Island vs. Glacier Peak
Smash Putt! Miniature Golf
Opening day at Crystal Mountain
nwjobs
Post a comment
Michelle Goodman blogs about work/life balance.
How to tell your office you're gravely ill
Post a comment
nwautos
Choosing a new sedan? Weigh the impact of your choice on your wallet and on the planet.
Post a comment
Open Houses | Find this weekend's open house listings.  Or search by location: |
- 'The Road' takes Viggo Mortensen to Mount St. Helens and Astoria, Ore.
- Craigslist adoption ad: A plea by young mother-to-be? A scam?
- Italian lead prosecutor argues Knox motive was hatred
- Italian prosecutors request life sentence for UW student
- Tugboat sinks on Seattle's waterfront
- Child-support error costs nearly $21,000
- Man shot in chest on E. Union Street in Capitol Hill
- Washington state wines make annual best-of list
- Chase shrugs off loss of CD investors
- Mariners Blog | A Mariners-Tigers swap makes a whole lot of sense for both teams
- Senate vote clears hurdle
236 - Tight Senate vote launches health care over hurdle 119
- Child-support error costs nearly $21,000 118
- Vikings easily beat the Seahawks 115
- Palin excitement builds in Tri-Cities 115
- Prosecutor requests life in prison for Amanda Knox 87
- Cutting through breast-cancer confusion 86
- Game thread 70
- New York terror trials will restore faith in rule of law 52
- Chase shrugs off loss of CD investors 47
- Washington state wines make annual best-of list
- Nonprofits get creative using Twitter and Facebook to make donation easier
- It's possible to recover a life lost to hoarding
- Lynnwood is reinventing itself — again
- Great places to cross-country ski for free (or almost) in the Methow
- 'The Road' takes Viggo Mortensen to Mount St. Helens and Astoria, Ore.
- Child-support error costs nearly $21,000
- Recipes: Sesame Pork Roast, Sour Cream Mashed Potatoes, Gingerbread with Lemon Sauce and more
- Banff: powder, peaks & purity
- 175 foster kids in Washington get 'forever families'
