Coca-Cola to Acquire Chinese Protein-Drink Line

Coca-Cola Co., the world’s largest beverage company, will buy a line of Chinese protein drinks for about $400 million, making a renewed push into the Asian market after another takeover deal was blocked six years ago.

Coca-Cola will pay cash for the the business, called Xiamen Culiangwang Beverage Technology Co., according to a statement from the Atlanta-based company. The drinks, sold under the China Green brand, are made with plant-based proteins, such as green and red beans or walnuts.