Tuesday, December 09, 2008

Coca-Cola Amatil seeks permission to buy Baker Hall

Australian drinks company Coca-Cola Amatil is seeking permission from the Commerce Commission to acquire cordial maker Baker Hall.

The New Zealand unit of Coca-Cola Amatil wants to buy the bottling production line, brands and business assets of Baker Hall from Old Fashioned Foods Ltd.

Lion has 52 percent of the New Zealand beer market while Coca-Cola Amatil has 53 percent of the New Zealand non-alcoholic ready-to-drink market and 75 percent of the carbonated soft drink market.

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