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Unilever to sell AdeS soy beverage business to Coca Cola

From New Food Magazine

Unilever has signed an agreement with Coca Cola FEMSA and The Coca Cola Company to sell the AdeS soy beverage business in Latin America for an aggregate amount of US$ 575 million.

Founded in 1988 in Argentina, AdeS is the leading soy-based beverages brand in Latin America. As the first major brand launched in the category, AdeS pioneered the development of the second-largest global market for soy-based beverages. The brand is currently available in Brazil, Mexico, Argentina, Uruguay, Paraguay, Bolivia, Chile and Colombia.

In 2015, AdeS sold 56.2 million unit cases of beverages and generated net revenues of $284 million.

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