Olvi Group has struck a deal to acquire a majority share in Brewery International, a drinker importing and distribution business active in Norway and Sweden.
The Finland-based brewer and soft drinks maker has agreed to take a 51% stake in Brewery International.
As part of the transaction, the group also has the option to acquire the remaining shares of the business at a later stage.
The financial terms of the deal were not disclosed.
In a statement, Patrik Lundell, the CEO of Olvi said: “This is yet another step in advancing our strategic vision to become the most wanted multi-local beverage house.
"It aligns with our target of developing our multi-beverage portfolio and growing internationally through branded partnerships. We already have a strong foothold in northern Europe through our existing domestic markets, and this acquisition further expands our presence across the Nordics, creating synergies with our current export operations.
“The acquisition enhances our portfolio with leading global brands and strengthens the distribution of Olvi Group’s products in Norway and Sweden, creating the foundation for growth through stronger market access.”
Brewery International imports beer, as well as "other premium beverages", in Sweden and Norway, according to Olvi. Its distribution range includes beer brands like San Miguel, as well as ciders, RTDs, soft drinks and energy drinks.
The business also includes Mission & Wine Spirits, which imports and distributes wine and spirits in the two Nordic markets.
Brewery International operates in multiple sales channels, including grocery retail, the on-trade and monopoly retailers.
"They [Olvi] are a strong multi-beverage operator with deep expertise, a broad portfolio, strong brands, and robust local operations across Europe," Geir Erevik, the CEO of Brewery International, said. "Together, we can accelerate growth and unlock significant new opportunities that will benefit our customers and partners alike."
The latest deal continues Olvi’s acquisition spree.
In September, Olvi signed deals to acquire Estonian mineral water producer Värska Originaal, Bosnia and Herzegovina-based brewery Banjalučka Pivara and Latvian brewer and soft drinks maker Valmiermuižas Alus.
The business, which also operates in Denmark, the Baltic states and Belarus, is known for its Sandels and Olvi beer brands. It also produces spirits and has a range of soft drinks and mineral waters.
In the third quarter of 2025, Olvi’s sales volume reached 271 million litres, a drop on 272.6 million litres in the same period last year.
Net sales in the quarter were flat at €186.2m ($217.1m).
Performance varied by region, with growth in Finland offset by the Baltic Sea segment, which continued to be affected by weather conditions and “weak consumer demand".
Prior to the release of its third quarter results, Olvi issued a profit warning amid “uncertain” consumer demand and weak summer sales.
The company estimates its operating result for the 2025 financial year will be between €80m and €84m ($92.9m to $97.6m) compared to a previous forecast of €82-86m.
