The world’s second largest brewer SABMiller said today that it has agreed to acquire a 98.8% stake in the Polish brewer Browar Dojlidy and an outstanding shareholder loan from Radeberger Gruppe AG for a cash consideration of €35.15m (US$37.89m).
The acquisition is conditional upon the satisfactory completion of a due diligence review by SABMiller’s Polish subsidiary, Kompania Piwowarska (KP), and the approval of the Polish Office for Protection of Competition and Consumers and the Ministry of Interior.
Graham Mackay, chief executive of SABMiller said: “This acquisition, which further consolidates our operations in Poland, gives us the opportunity to grow Dojlidy’s core brands across our existing distribution platform. It builds on our strategy of optimising and expanding our established positions in developing markets and we anticipate additional benefits, such as procurement and distribution synergies, from integrating the business into KP.”
Dojlidy has one brewery, located in Bialystok in the north east of Poland, some 200 kilometres from Warsaw. The company currently has an annual capacity of some 900,000 hectolitres and annual sales of 734,000 hectolitres. Dojlidy will become KP’s third brewery in Poland, joining its other breweries in Poznan and Tyskie.
Dojlidy’s main brands are Zubr, Classic and Zlote, which have a strong presence in its home region. Dojlidy will give KP improved access to consumers in the north and east of Poland and will enhance KP’s brand portfolio in the economy segment.
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