Coca-Cola denies Monster Energy takeover talks
The world’s largest beverage company, the Coca-Cola Company, has denied media reports that it has been in talks to acquire Monster Energy Corporation.
Monster Beverage Corporation manufactures energy drinks and fruit drinks including Monster Energy. The company manufactures products both in the United States and internationally including Australia.
Were it to go ahead, the acquisition would be one of the biggest in Coca-Cola’s history.
In Australia, Monster Energy drinks are distributed under license by Schweppes Australia.
The Coca-Cola Company this week issued a statement stating: “Coca-Cola has a distribution relationship with Monster in many markets, including the United States.
“We are always in contact with Monster to maximize the value of our commercial arrangements. At this time, we are not in discussions to acquire the Monster Beverage Corporation. We continue to review the best ways to maximize the value of our relationship.”