News

FINLAND: Altia acquires SBG for undisclosed sum

Most popular

What does the future hold for Champagne? - Focus

just-drinks meets Beam Suntory CEO Albert Baladi

The just-drinks analyst returns

just-drinks speaks to Beam Suntory CEO - Part II

Lift our heads out of our drinks - Trends

MORE

Altia, the Finnish state-owned alcohol  producer, has acquired the Swedish drinks maker Scandinavian Beverage Group (SBG).

The acquisition, from private European equity group CVC Capital Partners, has been made to expand Altia's business to neighbouring Norway and Sweden, the Finnish group said.
 
Markku Tapio, director at Ministry of Trade and Industry and chairman of Altia, said in a statement: "Together, Altia and SBG form a strong Nordic structure and business concept. The acquisition is a strategic step for Altia. The leading Finnish alcoholic beverage house will be a pan-Nordic player."

No financial details were disclosed for the acquisition, which is pending the approval of Finnish competition authorities.


Related Content

M&A Watch - Who's in the Running for Altia Corp?

M&A Watch - Who's in the Running for Altia Corp?...

This week in spirits & wine, featuring results from Pernod Ricard and Remy Cointreau, Sazerac's move into India and a possible IPO for Altia Corp

This week in spirits & wine, featuring results from Pernod Ricard and Remy Cointreau, Sazerac's move...

Why iced coffee will be one to watch for soft drinks in 2019 - Comment

Why iced coffee will be one to watch for soft drinks in 2019 - Comment ...

Why there's room for both Coca-Cola Energy and Monster – Comment

Why there's room for both Coca-Cola Energy and Monster – Comment...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?