New Delhi : Tata Global Beverages said its UK subsidiary has acquired 100 per cent stake in equity capital of Australia-based Bronski Eleven Pty Ltd for an undisclosed sum.
Bronski Eleven is engaged in coffee business under the MAP brand, Tata Global Beverages said in a statement.
Commenting on the deal, Tata Global Beverages MD and CEO Ajoy Misra said: “The acquisition in Australia will help Tata Global Beverages further expand its offering in Australia to include coffee. It also helps us strengthen our portfolio in the high growth contemporary ‘single serve business’.”
