Heineken acquires Fürstlich Fürstenbergische Brauerei
Heineken N.V. announced today that Brau Holding International AG (the joint-venture between Heineken (49.9%) and Schörghuber Corporate Group (50.1%)) has come to an agreement to acquire 100% of the shares of Fürstlich Fürstenbergische Brauerei KG. The transaction is subject to regulatory approval.
Commenting on the deal, Jean Francois van Boxmeer, member of the Executive Board of Heineken N.V. said; “This acquisition expands Brau Holding International’s presence in Southern Germany. It will deliver synergy gains through both cost reductions and central purchasing. Furthermore the Fürstenberg brand fits well within Brau Holding International’s portfolio of German premium brands.”
As agreed by both parties the acquisition price will not be published. The deal will be partly financed by debt and partly from available cash resources.
The Fürstlich Fürstenbergische Brauerei KG is centrally located in Baden Württemberg in the southern part of Germany. The company had a sales volume of 700,000 hectolitre in 2003 and operates one brewery in Donaueschingen with a production capacity of 1 million hectolitre.
The brand portfolio includes the company’s leading brand Fürstenberg and the brands Riegeler, Bären Pilsner and Qowaz (cola/beer mix). The Fürstenberg brand is also exported to ItalyFranceSwitzerlandUK and Spain.
Heineken has the widest global presence of all the international brewing groups, operating in over 170 countries. In 2003 Heineken brewed a total of 109 million hectolitres of beer at over 115 breweries in more than 65 countries. Net turnover amounted to EUR 9.2 billion and net profit to EUR 798 million. Heineken employs 60,000 people. Heineken strives for an excellent sustainable financial performance through marketing a portfolio of strong local and international brands with the emphasis on the Heineken brand, through a carefully selected combination of broad and segment leadership positions and through a continuous focus on cost control. For further information regarding Heineken N.V.: www.Heinekeninternational.com.
For 50 years, the Schörghuber Corporate Group has been involved in the business divisions hotel, aircraft leasing, beverages, real estate and construction with great success. Numerous companies with approximately 5000 employees are part of this corporate group, whose field of activities has been expanding onto international terrain since the 1980's. The Brau Holding International AG is the main holding for the beverage business division and is one of Germany's leading beverage enterprises. Its holdings include Munich's traditional brewery group, "Paulaner Brauerei Gruppe", the Kulmbacher Group and Karlsberg.. In the beer sector alone, the company is represented by such well-known brands as Paulaner, Hacker-Pschorr, Thurn und Taxis, Auerbräu, Kulmbacher, EKU, Mönchshof, Kapuziner, Sternquell,Braustolz, Karlsberg and Königsbacher. For further information visit www.schoerghuber-unternehmensgruppe.de