updated 7/5/2007 12:54:27 PM ET 2007-07-05T16:54:27

The Coca-Cola Co. is exploring whether to buy Cadbury Schweppes PLC’s Snapple iced tea brand or build its own tea brand, a spokesman said Wednesday.

“We’re always looking at whether to build or buy,” spokesman Dana Bolden said, confirming a comment by Chief Executive Neville Isdell to a reporter during a social economic conference in Geneva.

Bolden declined to say if Atlanta-based Coca-Cola has approached some private equity funds that have reportedly been involved in bidding for Cadbury’s U.S. drinks business, which includes the Snapple brand.

Cadbury Schweppes, which is based in Britain, said in March that it planned to split itself in two, separating its confectionery and soft drinks businesses, as it apparently bowed to pressure from investors led by U.S. billionaire Nelson Peltz.

Coca-Cola, the world’s largest beverage maker, has been working to expand its non-carbonated beverage portfolio, as more customers migrate to buying juice, tea and bottled water.

Last month, it completed its $4.1 billion purchase of Glaceau, maker of Vitaminwater. Glaceau, also known as Energy Brands, was Coke’s largest acquisition ever.

© 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com