Coke and Nestlé Indonesian water venture
In Indonesia Nestlé and Coca Cola have announced the creation of a 50:50 joint venture, Water Partners Bottling (WPB). The new business is being used as a platform to acquire a 65 per cent share of PT AdeS Alfindo Putrasetia (AAPS), the number two player in bottled water in Indonesia. The move is part of the companies aims to make inroads on the country's bottled water industry.
AAPS, a public listed company, is the number two player in bottled water in Indonesia and is present across all segments (retail, out-of-home and home & office delivery). The company offers a portfolio of 3 brands: AdeS, Vica and Desca, bottled in 7 plants around the country.
