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Tata Global Beverages acquires Bronski Eleven

LiveMint logoLiveMint 19-05-2014 Sapna Agarwal

Mumbai: Tata Global Beverages Ltd, the maker of Tetley tea and Eight O’ Clock coffee, announced on Monday that it has acquired Australia’s Bronski Eleven Pty Ltd, which is engaged in the coffee business under the MAP brand through its overseas subsidiary.

Bronski Eleven has a presence in roasted and ground coffee and coffee in Pods (single service portions) segments in Australia. The investment is in line with the company’s strategic vision to become a leader in the so-called “good for you” beverage segment in Australia. It also helps Tata Global Beverages to expand its portfolio to include high growth contemporary single serve business, the company said in a statement to the BSE.

Shares of Tata Global Beverages rose 4.08% to Rs150.55 on BSE, while the exchange’s Sensex rose 1% to 24,363.05 points.

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