Danish soft drink specialist CO-RO has acquired the majority stake in Chinese distribution company Golden Creation Trade (JKD) to enhance its position in the Asian market.

JKD holds distribution licences for a range of products, including a licence to sell juice products under the Huiyuan brand to the hotels, restaurants and catering businesses in China.

Through this deal, CO-RO expects to generate a 30% growth in China next year.

CO-RO CEO Søren Holm Jensen said: “CO-RO’s acquisition of JKD perfectly underpins our growth strategy in Asia. The Asian market is very important to us, as it represents approximately 25% of our total turnover. In addition, the Chinese market is our largest one in Asia and clearly essential because of the high growth rate.

“CO-RO’s acquisition of JKD perfectly underpins our growth strategy in Asia.”

“CO-RO is very pleased with the acquisition of JKD; a strategic step, which enables us to realise growth as part of our general expansion plan for Asia. It is a great opportunity for increasing our Asian footprint with China as a spearhead.”

Financial details of the deal have not been disclosed by both the companies.

CO-RO owns the Sunquick brand, which is said to be the largest international brand in the HoReCa sector in China.

CO-RO currently has production plants in China, Malaysia and Sri Lanka. In China, the plant is located in the southern part of the country.