Here, just-drinks consolidates the M&A activity in the global drinks industry during July.
- Soft Drinks
Coca-Cola FEMSA has purchased a Uruguay-based bottler from The Coca-Cola Co. Coca-Cola FEMSA cquired Montevideo Refrescos, known as Monresa, from Coca-Cola, in a deal worth US$250.7m.
Keurig Dr Pepper is officially in business after Dr Pepper Snapple Group completed its merger with Keurig Green Mountain The closure of the merger created the third-largest beverage company in North America.
Davies Foods has offloaded its full drinks portfolio to global “market expansion services provider” DKSH. The divestment sees New Zealand’s Davies Foods reduced to just its canned chicken and popcorn businesses.
UK soft drinks maker Clearly Drinks has acquired the intellectual property and secured distribution rights of rival operator The Powerful Water Co (POW) for an undisclosed sum. UK-based POW was founded by former Monster Energy Corp and Capri Sun head of sales Ed Woolner, who joins Sunderland-based Clearly Drinks as commercial director as part of the deal.
Scandinavian brewer Royal Unibrew has completed its DKK660m (US$104m) acquisition of French lemonade business Etablissements Geyer Fréres. The deal gives Unibrew control of Geyer Fréres’ Lorina craft lemonade, PureThé and InFreshhh brands as well as increased access to the French soft drinks market.
Soft drinks commentator Richard Corbett has seen the future. Again. This time, it happened when he popped out for a burger.
Mast-Jägermeister has become a shareholder in Germany’s Gin Sul brand. The company said that the deal, which started on 1 July, is its first strategic investment in an external brand.
The opportunity to acquire an established, well-known Scotch whisky brand doesn’t come along very often. So, you’ll forgive our brown spirits commentator, Neil Ridley for being a bit excited right now.
Kirin’s Australian subsidiary, Lion, has become the latest international brewer to snap up a London craft operation. The company has purchased 100% of Fourpure Brewing Co.
Constellation Brands has acquired “bicultural” Texas-based beer maker Four Corners Brewing for an undisclosed sum. The deal sees Dallas-based Four Corners, the maker of Hispanic/American beers including Local Buzz Honey-Rye Golden Ale and El Chingón IPA, join Constellation’s Craft & Specialty Beer Group.
As July gently turns to August, we enter what must be considered the heart of beer festival season. While it is true that beer fests today operate year-round, the highest concentration still occurs in the summer and early autumn months, bookended by the Øl Festival in Copenhagen in May and Denver’s Great American Beer Festival (GABF) in late September, which puts us squarely in the centre right now. This, plus the astounding explosion in the number of beers events the world over, leads beer commentator Stephen Beaumont to ask: Are festivals worth the time and expense it takes to participate in them?
Duckhorn Wine Co has bought Californian Pinot Noir winery Kosta Browne for an undisclosed sum. The company, established by the Duckhorn family in 1976, takes over the Kosta Browne winery, all assets and inventory, as well as 170 acres of vineyards.
French wine group AXA Millésimes has made its first move into California with the purchase of Outpost Wines, located on Howell Mountain in Napa Valley. The acquisition, for an undisclosed sum, includes the winery and vineyards near Angwin, on the upper slopes of Howell Mountain, famed for its Cabernet Sauvignon-based wines, as well as Zinfandel, Grenache and Petite Sirah.
Chris Losh is looking to the future in this, his latest postcard from the far edges of wine. Our wine category commentator reports this month on how the consumer of tomorrow is shaping up.