Tata Global Beverages has bought, through its overseas subsidiary based in the UK, the entire stake in the equity capital of Bronski Eleven Pty Ltd., Australia.
TGB said that the Australian company was engaged in the roast and ground (R&G) coffee and coffee in Pods (single service portions) segments under the MAP brand in Australia.
The investment is in line with TGB’s strategic vision to become a leader in the good for you beverage segment in Australia, the company said in a stock exchange filing adding that it also help Tata Global Beverages to expand its portfolio to include high growth contemporary single serve business.
The company however did not disclose the amount involved in the transaction.
