Chilean brewer Compañía Cervecerías Unidas CCU has bought a full stake in the owners of Uruguayan beverage brands Nix and Native.
//i2.aroq.com/1/78483125.jpgCCU bought 100% of shares in Uruguayan companies Marzurel, Milotur, Coralina and Andrimar, it said in a statement on its website on Friday (14 September). Financial details were not disclosed.
Nix is a CSD brand and Nativa a mineral water brand. The acquisition is part of CCU's plan to expand business into new markets, the company said.
The brand buys are the first expansion into Uruguay for Chile’s biggest brewer, according to local reports.
Heineken has a 50/50 JV with Chilean industrial and financial group Quinenco. Together the companies own 66% of CCU. Heineken bought the stake from German company Schoerghuber Stiftung & Co in 2003.
A Heineken spokesperson told just-drinks today the company was aware of the deal and in agreement with the expansion.
Sectors: Beer & cider, Mergers & acquisitions
Companies: Compania Cervecerias Unidas SA, Heineken
