Coca-Cola completes purchase of majority stake in Zico Coconut Water

LOS ANGELES , April 11, 2012 () – The Coca-Cola Co. has completed its purchase of a majority stake in Zico Coconut Water, BevNET.com reported April 11.

Earlier this week, independent shareholders of the brand began to receive checks for their stakes in the company.

Zico had sales of US$45 million last year, sources say.

The primary source of this article is BevNET.com, Watertown, Massachusetts, on April 11, 2012.

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