Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Carlsberg to acquire Britvic for £3.28BN in UK soft drinks expansion

Food Ingredients First 2024-08-02
Share       
Tag: soft drink

UK Pepsi bottler and soft drinks maker Britvic has agreed to a takeover bid of £3.28 billion (US$4.2 billion) from Carlsberg. The move is expected to allow the Danish brewer to expand its drinks bottling operations in the UK and beyond beer.

Ian Durant, a non-executive chair of Britvic, says the newly proposed deal “creates an enlarged international group well-placed to capture the growth opportunities in multiple drinks sectors.”

Durant also says that Carlsberg’s agreement with PepsiCo provides the “combined group with a strong platform for continued success.”

The deal offered 1,290 pence per share for Britvic, with a small dividend that gives shareholders 1,315 pence per share.

In June, Britvic refused an improved cash takeover bid from Carlsberg offering 1,250 pence per share of the British soft drinks maker. It said at the time that the proposal “significantly undervalues Britvic and its current and future prospects.”

Carlsberg’s previous June 6 offer price of 1,200 pence per Britvic share was also declined.

Enhanced propositions
Carlsberg CEO Jacob Aarup-Andersen believes that the deal combines “Britvic’s high-quality soft drinks portfolio with Carlsberg’s strong beer portfolio and route-to-market capabilities, creating an enhanced proposition across the UK and markets in Western Europe.”

PepsiCo is key to the deal, as Britvic bottles and distributes PepsiCo brands in the UK and Ireland.

Earlier this year, Carlsberg and PepsiCo agreed to waive a “change of control clause” in the bottling contract.

In other news, DS Smith has partnered with Carlsberg in Poland to introduce nclick="updateothersitehits('Articlepage','External','OtherSitelink','Carlsberg to acquire Britvic for £3.28BN in UK soft drinks expansion','Carlsberg to acquire Britvic for £3.28BN in UK soft drinks expansion','341920','https://www.foodingredientsfirst.com/news/ds-smith-partners-with-carlsberg-poland-on-carbon-reducing-multipacks.html', 'article','Carlsberg to acquire Britvic for £3.28BN in UK soft drinks expansion');return no_reload();">DS Smith Round Wrap to selected product lines. DS Smith Round Wrap is a multipack packaging solution that rounds corners and reduces CO2 emissions when compared to standard corrugated multipacks.

Carlsberg also recently implemented an nclick="updateothersitehits('Articlepage','External','OtherSitelink','Carlsberg to acquire Britvic for £3.28BN in UK soft drinks expansion','Carlsberg to acquire Britvic for £3.28BN in UK soft drinks expansion','341920','https://www.foodingredientsfirst.com/news/ball-equips-carlsberg-with-lightweight-beverage-cans-to-cut-5000-tons-of-co2-annually.html', 'article','Carlsberg to acquire Britvic for £3.28BN in UK soft drinks expansion');return no_reload();">action roadmap with aluminum packager Ball, designed to drive sustainability progress.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

CATIONIC STARCH

CATIONIC STARCH

Solid Ink Coding Sealer

Solid Ink Coding Sealer

DISODIUM EDTA

DISODIUM EDTA

VM(Q)400TE Vacuum Packager

VM(Q)400TE Vacuum Packager

1.Bamboo Charcoal powder 260g

1.Bamboo Charcoal powder 260g

Antarctic Krill Oil

Antarctic Krill Oil

5mm packing strap 2R2A9560

5mm packing strap 2R2A9560

Flash Dryer

Flash Dryer

ACERPRIL Tablets

ACERPRIL Tablets

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121