M&As this week: Carlsberg UK, Bacardi
Carlsberg UK has reached an agreement to acquire beer producer London Fields Brewery.
Carlsberg UK produces and sells beers and lagers.
Bacardi has acquired a minority interest in Teeling Whiskey Company.
Based in Ireland, Teeling Whiskey Company opened a new distillery and visitor centre in Dublin in 2015 and plans for expansions. Bacardi is a spirits company with an international presence.
The two companies have also signed a distribution agreement for certain US states through the Transatlantic Spirits division of Southern Glazers Wine & Spirits, which also handles Bacardi’s brands in the country.
Asahi Group has entered an agreement to sell the remaining 20% stake in Tingyi-Asahi Beverages held by its subsidiary AI Beverage Holdings to Tingyi.
Tingyi-Asahi Beverages is a joint venture (JV) partner of Asahi Group, while Tingyi is based in China.
The purchase consideration for the acquisition is $612m.
Asahi is a beer, spirits, and soft drinks company.