Nestle SA : Beverage Partners Worldwide joint venture to focus on Europe and Canada
January 06, 2012 at 11:11 pm IST
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Vevey, Switzerland and Atlanta, USA,
January 6, 2012
Nestlé S.A. and The Coca-Cola Company today announced that
they have agreed to focus the geographic scope of their
ready-to-drink tea joint venture, Beverage Partners
Worldwide (BPW), on Europe and Canada.
In Taiwan and Hong Kong, The Coca-Cola Company will enter
into a license agreement with Nestlé for the
Nestea brand. In all other territories the joint
venture will be phased out in a transition to be completed
by the end of 2012 subject to any regulatory approval.
In addition, the current Nestea license granted by
Nestlé to The Coca-Cola Company in the United States will
terminate at the end of 2012.
Over the past 10 years, BPW has delivered consistent growth
to its parent companies and has expanded the
Nestea brand across Europe, Canada and other
markets.
Both partners believe a concentrated focus on Europe and
Canada will accelerate the growth and bolster the market
presence of BPW where the joint venture is most effective.
Both parent companies will be free to independently explore
and maximize opportunities for growth in the ready-to-drink
tea category in other markets.
Beverage Partners Worldwide, a 50-50 joint venture focused
on the ready-to-drink tea category held by Nestlé S.A. and
The Coca-Cola Company, was created in 2001, following a
period of 10 years during which Nestlé and The Coca-Cola
Company cooperated in a joint venture called Coca-Cola and
Nestlé Refreshments.
Contacts:
Media - Chris Hogg Tel.: +41 21 924 22 00
Investors - Roddy Child-Villiers Tel.: +41 21 924 36 22
The Coca-Cola Company - Petro Kacur Tel.: +1 404 676 2683
Press releases:
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Nestlé S.A. is the world's leading agri-food group. Net sales break down by category of products as follows:
- powdered and liquid beverages (26.7%): soluble coffees (Nescafé and Starbucks brands), coffee in capsules (Nespresso), chocolate drinks (Nesquik, Milo, etc.), tea drinks (Nestea), etc.;
- pet food (20.3%): brands such as Purina, Friskies, Felix, etc.;
- pharmaceutical, nutrition and well-being products (16.4%): nutritional supplements (Resource, Boost, Nutren, Optifast, Peptamen brands, etc.), infant and maternal nutrition products (NAN, illuma, Cerelac, Nido, Gerber), ketogenic beverages (BrainXpert), (Nesquick, Fitness, Cheerios, Lion, etc.), etc.;
- ready meals and seasoning products (12.5%): frozen and chilled dishes (Lean Cuisine, Hot Pockets and Stouffer's brands), soups (Maggi), etc.;
- dairy products and ice cream (11.8%): powdered milk, sweetened condensed milk, yoghurt and cream desserts, ice cream (Nido, Nesvita, Carnation, La Laitière, Coffee Mate, Nestlé Ice Cream, Dreyers, Häagen-Dazs, Extrême brands, etc.);
- chocolates, sweets and biscuits (8.7%): Kit Kat, Smarties, Cailler, Terrafertil, etc. brands;
- bottled waters (3.6%): Nestlé Pure Life, Vittel, Perrier, S. Pellegrino, etc. brands.
Net sales are distributed geographically as follows: Switzerland (1.2%), France (3.8%), the United Kingdom (3.8%), Germany (2.4%), Europe (12.8%), the United States and Canada (35%), China (5.9%), Asia and Oceania (21.4%) and Latin America (13.7%).