M&As this week: African Pioneer Group, Heineken
African Pioneer Group (APG) has announced the acquisition of a 17.5% stake in South African non-alcoholic beverages producer and marketer Appletiser from Coca-Cola Bottling Co. Consolidated (CCBC).
APG is a South African holding company operating in the retail, distribution, and logistics sectors, while CCBC is a producer, marketer, and distributor of non-alcoholic beverages based in the US.
Heineken has announced the acquisition of the remaining 50% stake in US-based Lagunitas Brewing.
Heineken is a craft beer-maker based in the Netherlands. It will own a 100% stake in the company upon completion of the acquisition, which is expected to help Heineken expand its international presence.