Tata Consumer Products announced that it will acquire PepsiCo's stake in NourishCo Beverages (NourishCo/Company), a 50:50 JV between the two Companies. This move is consistent with Tata Consumer's focus on widening its portfolio in the Food and Beverages space.
Over the last decade, NourishCo has focused on building brands in the healthy hydration space and has Himalayan mineral water, Tata Gluco Plus and Tata Water Plus in its portfolio.
These brands have been crafting their growth models which are now ready for deployment on a wider scale. Over time, Tata Consumer Products intends to use its sizeable resources, the capabilities acquired and the brands it now has, to give wings to its ambition in the value added liquid refreshment beverages space in India.
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