Mexican bottler Coca-Cola Femsa and the Coca-Cola Company have acquired Colombian water bottler Brisa from Bavaria, a subsidiary of SAB Miller, for $92 million. The purchase includes the Brisa brand and its production assets, Femsa adds.

Brisa sold 47 million unit cases in 2007 in Colombia, according to Femsa. Both acquirers equally share the purchase price which is subject to adjustment based on the performance of the business, Femsa states. The Mexican bottler will use its own cash to pay for Brisa and no banks are involved in the transaction, a company spokesman adds. In June, Femsa purchased Brazilian bottler Remi for $364 million.