Almarai to acquire Pure Beverages Industry Co. in $277m deal

RIYADH, June 15 (Arab News): Saudi dairy giant Almarai has signed an agreement to fully acquire Pure Beverages Industry Co. for SR1.04 billion ($277 million), aiming to diversify its offerings and enhance its market position.
Pure Beverages Industry Co. is a bottled drinking water producer in the Kingdom, known for its "Ival" and "Oska" brands. The company operates modern facilities and follows established production standards with a focus on quality and sustainability.