Tata Global Beverages UK arm buys Australian co.

Tata Global Beverages Ltd has announced that the company's overseas subsidiary based in UK has acquired a 100 per cent stake in the equity capital of Bronski Eleven Pty Ltd., Australia.

Bronski Eleven is engaged in coffee business under the MAP brand, with presence in the R&G coffee and coffee in Pods (single service portions) segments in Australia.

A company release to exchanges said the investment is in line with the company's strategic vision to become a leader in the 'good for you' beverage segment in Australia and it also helps Tata Global Beverages to expand its portfolio to include high growth contemporary single serve business.


HBL