AUSTRALIA: San Miguel buys stake in Berri
The Philippine drinks and food producer San Miguel has taken a 50% stake in the Australian fruit juice producer Berri.
Although the purchase price was not disclosed, San Miguel said the deal valued Berri at A$335m.
In a statement, San Miguel chairman and CEO Eduardo Cojuangco said the acquisition will complement his company's current portfolio and fits with its strategy to expand overseas.
Berri currently holds a 50% share of the Australian juice market. Last year, it was the target of a takeover bid, which failed, by Australia's Coca-Cola Amatil.
Berri CEO Alison Watkins said Berri will benefit from San Miguel's strengths, including its production, distribution and packaging capabilities.
Coca-Cola Amatil produced decent first-half results but speculation that it may sell some of its international operations and its determination to look beyond the core soft drinks sectors for growth i...
Coca-Cola Enterprises has refused to be drawn on the candidates to replace outgoing president and CEO John Alm....
Coca-Cola Amatil said yesterday (10 August) that it has agreed to purchase the business and assets of the Grinders Coffee Group (Grinders)....
Following a review of its operations, Coca-Cola Amatil has announced its intention to restructure its Asian business activities through the creation of an Asian Beverage Division (CCA Asia)....
Coca-Cola Amatil (CCA) has seen its net profits increase 16.8% to A$145.2m in its first half, driven in part by growth of non-carbs and innovation, the company said today (10 August)....
Coca-Cola Amatil (CCA) is poised to shake up its Indonesian and South Korean bottling operations, according to an investment bank....
Coca-Cola Amatil is to issue a five-year A$250m (US$192m) domestic debt issue....
SPC Ardmona has signed an agreement with parent company Coca-Cola Amatil (CCA) to supply it with apple juice....
- Comment - How Hand-Made is Tito's Handmade Vodka?
- Heineken to stay "active player" in beer M&A - CFO
- Focus - Pernod Ricard's Q1 sales by brand
- Time for Heineken to make a European break
- Analysis - Remy's Cognac "dead-cat bounce"
- Moët Hennessy unveils first Travel Retail outlet
- Whisky downturn slows Diageo's Scotch spend
- Beam Suntory, Edrington part ways in Travel Retail
- Pernod Ricard sees sales lift in Q1
- Smirnoff Ice gets India launch