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Tata Consumer Products to acquire stake in NourishCo Beverages

Tuesday, 19 May 2020

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Tata Consumer Products (TCPL) will acquire PepsiCo’s stake in NourishCo Beverages, a 50:50 joint venture (JV) between the two companies.

This move is consistent with Tata Consumer’s focus on widening its portfolio in the food and beverages space.

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.

The move will help the company strengthen and widen its presence. NourishCo has built a team and a network of distributors, co-packers and vendors over the years and the company looks to scale up these capabilities further in this segment.