5.8 C
London
Saturday, March 2, 2024
HomeNewsPrivate LabelRoyal Unibrew Buying Soft Drinks From Heineken for EUR300 Mln

Royal Unibrew Buying Soft Drinks From Heineken for EUR300 Mln

Date:

Related stories

Save and Invest to Win: Sainsbury’s Cuts 1,500 Jobs

The proposals will make things easier, which will help...

Beyond Meat 2024 Strategy: Higher Prices, Deep Cost Reductions

Beyond Meat Inc. said it plans to lift product...

International Rootstocks Symposium to be held at Macfrut 2024

Press ReleaseAs part of the Plant Nursery Area, the...

McBride UK Ups Yearly Profit Outlook

McBride, which produces a wide range of cleaning products...

First All-PE spouted pouch by Amcor and Stonyfield

In a climate of heightened environmental focus, the collaboration...
spot_imgspot_img

Royal Unibrew Buying Soft Drinks From Heineken for EUR300 Mln

 

Royal Unibrew, a Danish beverage company, has reached an agreement to acquire Vrumona, a soft drinks manufacturer based in the Netherlands, from Heineken.

The acquisition is valued at 300 million euros ($327.4 million). Vrumona is known for producing various own brands, including Royal Club, Sisi, Sourcy, and Sourcy Vitamin Water, as well as partner brands like 7 Up, Pepsi, and Rivella. The majority of Vrumona’s product portfolio focuses on the no/low sugar and calories segment. With seven production lines and an annual output of approximately 3.1 million hectoliters, Vrumona’s facility will provide Royal Unibrew with additional production capabilities. Royal Unibrew also intends to leverage spare capacity to support its global production footprint.

According to Royal Unibrew Chief Executive Lars Jensen, Vrumona will serve as a new growth platform for Royal Unibrew in continental Europe and is anticipated to contribute to organic earnings growth in the coming years. Vrumona recorded net revenue of EUR200 million in 2022, with normalized earnings before interest, tax, depreciation, and amortization (EBITDA) of EUR25 million.

Royal Unibrew has stated that the acquisition is projected to have a positive impact on earnings per share by 2024. The completion of the deal is expected to take place in September or October of this year, pending regulatory approval.

 

GSN

Latest stories