LEBANON: Coca-Cola Co lines up National Beverage Company buy
Coca-Cola is partnered with Aujan Industries in the Middle East
The Coca-Cola Co's Middle East JV, Aujan Coca-Cola Beverages Company, has agreed to buy Lebanon's National Beverage Company.
The deal, announced this week, is expected to complete in the first half of this year, Aujan Coca-Cola said. No financial details have been disclosed.
Nicolaas Nusmeier, CEO of Aujan Coca-Cola, said: “This partnership reflects our commitment to invest in beverages for long-term growth, and we look forward to developing and growing this business over time.”
The National Beverage Company is based in Beirut and manufactures and distributes Coca-Cola and its own-brand Pampa products in Lebanon. It is owned by Transmed.
Aujan Coca-Cola was formed last year out of a US$1bn partnership between Coca-Cola and Saudi Arabian group Aujan Industries.
- AB InBev, SABMiller - Here's what'll happen next
- Is time right for TWE to move for Diageo's wines?
- Is Brown-Forman at the end of the SoCo road?
- Will a sexed-up SABMiller tempt AB InBev?
- Making consumers the centre of your business
- AB InBev makes formal offer for SABMiller
- Diageo secures Xerox Corp CFO as finance head
- Tesco pulls several Carlsberg SKUs in UK
- Diageo makes US$780.5m beer deal with Heineken
- SABMiller formally rejects AB InBev's offer
- The IWSR Duty Free/Travel Retail Summary Report 2015
- Future growth opportunities for global spirits
- Global gin insights - market data, product innovation and consumer trends research
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research