India’s Tata Tea is to pay US$677m to acquire a 30% stake in Energy Brands Inc. of the US, the company behind Glaceau water.
Go deeper with GlobalData
Tata is buying the stake from TSG Consumer Partners, a US private equity company.
Signalling its commitment to its new investment, Tata said: “This transaction ensures that Glaceau continues to meet the explosive demand for its vitaminwater brand fuelled by America’s health and wellness revolution.”
The transaction is being made via Tata Tea’s UK subsidiary, which includes Tetley Tea’s operations worldwide.
The Tata group, headquartered in Mumbai, had US revenues of more than $1.97bn, and global revenues of $22bn in 2005-6.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataGlaceau brands include vitaminwater, which is nutrient-enhanced, smartwater which is electrolyte-enhanced, and fruitwater, which is flavour-enhanced.
