BRAZIL: AmBev and Danone Group Buy Controlling Stake of Salus - Uruguay
Companhia de Bebidas das Americas -- AmBev -- and Danone Group agreed to buy 57.34% of Compania Salus. The acquisition was made through a joint company of which Danone Group holds 73.75% and AmBev the remaining 26.25%. The change of control will take place in October this year.The acquisition is part of AmBev's strategy in expanding internationally and the interest in Salus was due to its strong presence in the beer and mineral water. Salus is the second largest brewer in Uruguay and the leader in mineral water. Salus has approximately 24% of the beer market in Uruguay and produces a flagship brand "Patricia." It is also a leader in the mineral water with an approximately 42% market share.Salus owns two plants, one water plant and one beer and soft drink plant. Salus has 430 employees and 36 exclusive third party distributors. Salus net sales were US$ 30 million in 1999 and sold 190 thousand hectoliters of beer and 850 thousand hectoliters of mineral water in 1999.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 14 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- The End of the Road for International Beer Brands?
- Allegro: The shape of things to come at Pernod?
- Comment - Another One Bites Bacardi's Dust
- Pernod Ricard's FY Performance by Region, Brand
- US craft vodka puts squeeze on Pernod's Absolut
- Pernod bemoans tough FY as sales, profits drop
- ASA bans Jägermeister TV ad
- Pernod Ricard set for CMO switch
- Scotch whisky leaders sign pro-UK letter
- Bacardi announces CFO switch