ATHENS, Greece — Greece’s Coca Cola Hellenic Bottling Co. and Atlanta-based The Coca-Cola Co. together have bought Serbian mineral water company Vlasinka, the Greek company said Friday.
The 100 percent acquisition of Vlasinka includes production facilities at Surdulica in southern Serbia and the mineral water brand Rosa, the company said.
The financial details of the deal were not disclosed, but the cost of the purchase will be equally split between Coca Cola HBC and The Coca-Cola Co.
The move is in line with the Greek company’s strategy of expanding into the non-carbonated drinks sector.
Coca Cola HBC has operations in 26 countries, including many parts of Europe and Russia. The Coca-Cola Co. has an indirect, 24 percent stake in the Greek bottler.