The Coca-Cola Company and its bottlers in Latin America have completed an acquisition of Unilever’s AdeS plant-based beverage business.

With completion of this transaction, the Coca-Cola Company has become sole owner of the AdeS brand.

The Coca-Cola Company Latin America Group's president Alfredo Rivera said: “We are excited to add AdeS to our expanding beverage portfolio in Latin America as it enables us to increase the number of nutritious and delicious products offered to our consumers.

“AdeS is a leading brand in the plant-based beverage category, which is growing rapidly and is of great interest to our customers and consumers across the markets we serve.”

"AdeS is a leading brand in the plant-based beverage category, which is growing rapidly."

In June last year, The Coca-Cola Company and Coca-Cola FEMSA entered into an agreement with Unilever to acquire the AdeS business. Some Coca-Cola bottlers also joined to participate prior to closing the transaction.

The bottlers that participated include Arca Continental, Embotelladora Andina, Embonor, Corporacion Del Fuerte, Corporacion Rica, Bepensa, Embotelladora del Nayar, Embotelladora de Colima, Solar, Brasal, Bandeirantes, Sorocaba, Simoes, Uberlandia, CVI, Lee, and Monresa. Jugos del Valle also participated in the transaction.

Established in 1988 in Argentina, AdeS has been producing soy-based beverages, which are exported to countries such as Brazil, Mexico, Argentina, Uruguay, Paraguay, Bolivia, Chile, and Colombia. AdeS will now be a part of the Coca-Cola system’s expanding beverage platform in Latin America.

Image: The Coca-Cola system acquires Unilever’s plant-based beverage business AdeS. Photo: courtesy of The Coca-Cola Company.