August 13, 2009 (FinancialWire) — PepsiCo, Inc. (NYSE: PEP) said it has agreed to acquire Amacoco Nordeste Ltda. and Amacoco Sudeste Ltda., or Amacoco, Brazil’s largest coconut water company.

Amacoco makes and sells Brazil’s top-selling coconut water brands, Kero Coco and Trop Coco, which are highly regarded by consumers as healthy, refreshing hydration drinks. Together they account for the bulk of packaged coconut water sales in the country, making PepsiCo the category leader.

According to PepsiCo, the acquisition is part of the company’s strategic transformation of its beverage portfolio, and marks Pepsi’s entry into the market for coconut water, a source of natural hydration popular in Brazil and other countries.

The agreement includes two manufacturing facilities, one in Petrolina in the state of Pernambuco in Northeast Brazil and a recently opened plant in Sao Mateus in the state of Espirito Santo in the Southeast.

Purchase, New York-based PepsiCo owns food and beverage brands including Frito-Lay, Quaker, Pepsi-Cola, Tropicana and Gatorade.

The company employs 198,000 people worldwide.

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