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Striving to focus on its amount health-care businesses afterwards a year of banking missteps, biologic banker McKesson HBOC Inc. on Tuesday agreed to advertise its Pasadena-based Sparkletts baptize ysis to French aliment behemothic Groupe Danone for $1.1 billion in cash.

For Danone, affairs McKesson Baptize Articles Co. will accomplish the French aggregation the second-largest benefactor in the U.S. bazaar for home- and office-delivered bottled water. Danone, which owns the Evian and Dannon Natural Spring Baptize brands, sells best of its baptize through retail stores.

Growth in bottled-water sales in the U.S. has outpaced advance in added cooler categories over the aftermost few years. With the acquisition, Danone’s allotment of the U.S. bottled-water bazaar will added than bifold to 16.7% from 7.8%

By affairs its baptize articles unit, which additionally distributes Alhambra and Crystal brands, San Francisco-based McKesson will be able to apply on its business as the better U.S. pharmaceuticals distributor, ysts said. The company’s bazaar amount plunged afterwards ambiguous accounting after-effects were begin at its advice technology assemblage aftermost year and it was affected to recapitulate earnings.

McKesson shares jumped $3, or 12.5%, on the account of the deal, closing at $27 on the New York Stock Barter Tuesday. Groupe Danone’s American depositary receipts were banausic at $48.56, additionally on the

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