ICA Tonic Water

ICA Tonic Water is a beverage product under the Swedish supermarket giant ICA's own private label. The brand was established in Sweden as part of ICA's strategy to provide high-quality alternatives to international brands. Historically, ICA (Inköpscentralernas aktiebolag) was founded in 1938 to empower independent retailers through a cooperative structure.

Today, the brand is owned by ICA Gruppen AB. Most of their beverage production, including private label mixers like tonic water, is manufactured within Sweden to ensure local distribution efficiency and quality control. ICA Gruppen is a leading retail company in the Nordic region, focusing primarily on grocery and pharmacy sectors.

The ultimate ownership lies with ICA Gruppen AB, which is headquartered in Solna, Sweden. Since its delisting from the Stockholm Stock Exchange in early 2022, it has been primarily owned by ICA-handlarnas Förbund (the Association of ICA Retailers) and AMF, ensuring that the brand remains under Swedish control and rooted in its original cooperative values.