CZECH: Kofola makes further Polish acquisition

By | 19 April 2007

Kofola has acquired Polish soft drinks maker Hellena, according to local reports.

The Czech beverage company made the purchase earlier this week for around PLN17.2m (US$6.14m).

A Hellena spokesperson was cited by local press as saying: "Kofola was the only suitor."

Last month, Kofola announced that it is merging with its Polish counterpart Hoop. The Czech company said it will take a majority stake in the new company, which would have an annual turnover of over CZK8.6bn (US$402.5m).

Kofola produces and supplies soft drinks in central Europe. Besides the Czech Republic, the company also operates in Slovakia, Poland, and Hungary.

Sectors: Soft drinks, Water

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CZECH: Kofola makes further Polish acquisition

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