News

SWITZ: Nestlé looks to take total control of Henniez

Most popular

Pernod is buying Malfy for the flavour - comment

The just-drinks Analyst returns

Is Carlsberg treating consumers like suckers

The just-drinks Analyst returns

Why spirits marketers must be more careful

MORE

Nestlé has moved to buy the outstanding shares in Swiss mineral water company Sources Minerales Henniez.

The company's Nestlé Waters division confirmed to just-drinks today (17 October) that it has launched an offer for the shares it does not yet own in the water company. Last month, Nestlé bought the 61.66% stake held by the Henniez family, and said it would look to take control once the Swiss anti-trust authorities okayed the move. Nestlé made the bid to public shareholders earlier this week, a spokesperson told just-drinks, after the authorities gave the purchase the green light last week.

Nestlé will offer CHF5,303 (US$4,481) per share. In September, the company paid the Henniez family CHF155m for its stake, the equivalent of CHF3,000 per share.

"Henniez is a well-known, well-placed mineral water brand in Switzerland," the spokesperson said. "By acquiring the company, we will broaden our activities in areas where we already have a foot in, but where we would like to extend our reach.

"Henniez will be the first water source for Nestlé in Switzerland," the spokesperson added. "Previously, we only imported our mineral water brands into the country."

The spokesperson said he expects the offer to close "in a few weeks - there are no big issues over this move".

In 2006, Henniez posted sales of CHF152m. The company employs over 270 people at three sites in the Swiss cantons of Vaud and Valais and sells Henniez and Cristalp branded bottled water.

Upon completion of the deal, Nestlé Waters will have slightly less than 25% of the Swiss bottled water market.


Sectors: Soft drinks, Water

Companies: Nestlé Waters

Related Content

Lalique Group forms Scotch whisky JV to take control of The Glenturret distillery

Lalique Group forms Scotch whisky JV to take control of The Glenturret distillery...

Danone to drop Evian's babies in the US for next 'Live Young' campaign

Danone to drop Evian's babies in the US for next 'Live Young' campaign...

The soft drinks & bottled water categories in 2018 - just-drinks' Review of the Year, Part II - FREE TO ACCESS

The soft drinks & bottled water categories in 2018 - just-drinks' Review of the Year, Part II - FREE...

The bottled water sector in 2015 - just-drinks' Review of the Year, Part I

The bottled water sector in 2015 - just-drinks' Review of the Year, Part I...

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?