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Danone may acquire Catch and Aava

Danone may acquire Catch and Aava
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First Published: Fri, Jul 27 2007. 12 04 PM IST
Updated: Fri, Jul 27 2007. 12 04 PM IST
Reuters
Mumbai: French food company Groupe Danone has shortlisted acquisition targets in the Indian bottled water market, including DS Group’s Catch and Sheelpe Enterprises’ Aava.
Danone, which also imports its Evian water brand in India, has been reported to be keen on increasing its presence in the beverages and dairy business in India, which are growing quickly on the back of rising incomes and the expansion of modern trade.
Danone has a stake in India’s top biscuit maker Britannia Industries Ltd. Sources also suggest that the consumer goods unit of Wipro Ltd. was in talks to buy India’s top bottled water brand, Bisleri. Though founder of Bisleri told a television news channel on 26July that he was not in talks for a stake sale.
PepsiCo Inc.’s Aquafina, Mount Everest Mineral Water’s Himalayan and Coca-Cola’s Kinley also compete in the market for bottled water, which is estimated at Rs20 billion.
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First Published: Fri, Jul 27 2007. 12 04 PM IST