GERMANY: Carlsberg sells Feldschlösschen brewery
Carlsberg sells German brewery
Carlsberg has taken another step to scale down its brewing operations in Western Europe by selling its Feldschlösschen brewery in Germany.
Carlsberg said yesterday (3 January) that it has sold the Dresden-based brewery to Frankfurter Brauhaus for an undislcosed fee. The deal was completed on 1 January and all of the brewery's 172 employees have transferred to the new owner.
The move means that Carlsberg has cut its number of breweries in Germany from four to two in the last 18 months. In June, 2009, it sold its brewery in Braunschweig in the country.
Sluggish beer market growth across much of Western Europe has forced many major brewers to streamline their operations in the region as they seek to capitalise on opportunities in emerging markets.
Carlsberg said it would focus on five core brands in Germany: Carlsberg, Holsten, Lübzer, Duckstein, and Astra. It expects a non-cash charge of DKK130m (US$23m) following the sale of the Dresden brewery, which has an annual capacity of 1.9m hectolitres.
The brewer said that net profits are still expected to rise by 40% for 2010. Carlsberg also operates a brewery named Feldschlösschen in Swizterland.
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