Coca-Cola (KO - Get Report) is watching the deal activity sweeping the beverage industry, just don't expect it to make a big splash just yet.

"You could look at what we have been doing over the last few years, we have certainly been favoring bolt on acquisitions that allow us to find new, innovative ideas and brands and then expand them to more countries or provide them capital to grow more quickly," Coca-Cola president & CEO James Quincey explained to TheStreet when asked about recent industry activity. 

"In the end, deals have to make strategic sense, financial sense and it takes two to tango -- our track record is to use bolt on acquisitions to help add onto our platform," Quincey added.

Dr Pepper Snapple Group Inc. (DPS) and Keurig Green Mountain Inc. said in late January it would merge into one company to be billed as Keurig Dr Pepper. The newly formed Keurig Dr Pepper will bring together Mott's, Sunkist and 7UP with coffee brand Green Mountain and the more than 75 owned, licensed and partner brands in Keurig's portfolio.

TheStreet previewed our interview with Quincey during Morning Jolt. Why'd you miss it? More from the Morning Jolt Archives: