POLAND: SABMiller gets Browar Belgia purchase okay
SABMiller has sealed the purchase of an addition to its Polish subsidiary.
The brewer confirmed late last week that its Kompania Piwowarska unit has received approval from the Polish Office of Competition and Consumer Protection for the acquisition of 99.96% of Browar Belgia from Belgium's Palm Breweries.
The value of the gross assets to be acquired is approximately EUR65m (US$95.5m). The acquisition, originally announced in August, is expected to be completed at some point this week.
"We are delighted to have received approval for the acquisition of Browar Belgia," said Alan Clark, managing director of SABMiller Europe. "The Polish market and KP have recorded exceptional growth over the last ten years and additional capacity is required to capitalise on the level of consumer demand for our products in the local market.
"This acquisition will immediately deliver the required expansion capacity without having to develop a greenfield site. It also complements our existing manufacturing footprint and brand portfolio."
Browar Belgia operates one brewery situated in Kielce, south-east Poland, and has an annual production capacity in excess of 1m hectolitres. Its principal brands are Wojak, Gingers and Frater.
Trevor O'Hoy tended his resignation as chief executive officer of Fosters last week (10 June) after 33 years tenure with the company. His resignation, although sudden, comes amid a period of trying ti...
At a time when so many companies are feeling the pressures of the economic downturn and cost inflation, it was heartening to see SABMiller report relatively robust full-year results this week....
The top ten most visited stories on just-drinks this week included news on V&S and A-B and cost pressures at Cott, whilst whisky dominated the spirits headlines....
SABMiller and Molson Coors have announced that their joint venture in the US and Puerto Rico is now open for business....
The top ten most visited stories on just-drinks this week:...
SABMiller has declined to comment on reports that it has held talks with Mexico's Grupo Modelo to consider a merger between the two brewers....
Anheuser-Busch is to take complete ownership of its brewing joint venture in India....
Republican Gov. Matt Blunt has sent a letter to the Federal Trade Commission, saying he is "opposed to the buyout" of Anheuser-Busch to Belgian brewer InBev....
- The End of the Road for International Beer Brands?
- Comment - Another One Bites Bacardi's Dust
- Allegro: The shape of things to come at Pernod?
- Pernod Ricard's FY Performance by Region, Brand
- US craft vodka puts squeeze on Pernod's Absolut
- Mast-Jägermeister targets UK off-trade boost
- Pernod bemoans tough FY as sales, profits drop
- ASA bans Jägermeister TV ad
- Bacardi announces CFO switch
- SABMiller exec to become CFO at Beam Suntory