Competition observers in India have acquired a set of assets from Coca-Cola drinks in India through Kandhari Global drinks.
In a brief statement issued yesterday (April 22) it has approved a deal between two Coca-Cola bottlers proposed earlier this year.
Kandhari Global Beverages offers and distributes products to Coca-Cola, Rajasthan, India.
The group is buying Indian Coca-Cola Beverage (HCCB) assets in Gujarat North and Diu.
Kandhari Global Beverage has factories in states such as Haryana, Punjab and Himaal Pradesh.
Last month, Varinder Pal Singh Kandhari, managing director of Kandari Global Beverages, reportedly said the company had the ambition to expand outside India.
“If there is a chance to come from Coca-Cola, we do hope that one day, that is, besides the borders of India,” Kandhari (Kandhari) Mint. “So far, whatever they have to re-operate. But there may be other opportunities.”
In December, Coca-Cola agreed to sell HCCB's owner, Coca-Cola Holdings shares, to Jubilant Bhartia Group.
HCCB owns 14 factories in ten Indian states, and produces and sells 37 products on eight brands, including soft drinks such as Coca-Cola, Thums Up and Sprite.
It was also seen in December that HCCB offloaded its bottling business in the state of Jharkhand, India to the Moon Drink.
Earlier last year, the group sold three bottling businesses to SLMG Beverage, Moon Beverage and Kandhari Global Beverage. The latter snapped up Rajasthan's assets.
Originally created and published by Just Drinks, a brand owned by GlobalData, the Kandhari Global Beverage Agreement for Coca-Cola assets in India, was created and published.
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