Coca-Cola wholly owns Zico Beverages

Coca-Cola purchased the remaining shares of Zico Beverages last week, naming G. Scott Uzzell president of Zico. Coca-Cola first invested in the coconut water company with a minority stake in 2009 followed by a majority stake purchase in 2012. The U.S. coconut water category earned $153 million in sales during the 52 weeks ending July 6, according to The Nielsen Co.

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