PepsiCo sells interest in Serbian soft-drinks group Knjaz Miloš
Czech soft-drinks supplier Mattoni 1873 has acquired full control of Knjaz Miloš.
Mattoni 1873, the Czech soft-drinks business, has bought sole control of Serbian peer Knjaz Miloš after acquiring PepsiCo’s stake in the business.
PepsiCo has sold its 46.43% interest in Knjaz Miloš to Mattoni 1873 in a deal valued at “almost” €90m ($96.2m), the Serbian business said in a statement.
Knjaz Miloš, based in the central Serbian town of Aranđelovac, distributes PepsiCo drinks in Serbia and Montenegro.
Mattoni 1873 and PepsiCo teamed up five years ago to buy Knjaz Miloš from private-equity firm Mid Europa Partners. The London-based buy-out house acquired Knjaz Miloš in 2015 as part of its acquisition of Serbian food-and-beverage business Danube Foods Group.
Alongside the distribution of PepsiCo brands including Pepsi, 7Up and Mirinda, Knjaz Miloš owns its namesake bottled-water brand, Tube soft drinks and Gusto fruit juices.
Mattoni 1873 operates in eight countries, running 11 production plants and employing 3,400 staff.
The company also distributes PepsiCo’s soft drinks in eight markets, including the Czech Republic, Austria, Bulgaria, Serbia and Montenegro.
It owns mineral-water brands including Mattoni, Magnesia and Poděbradka.
Mattoni 1873 also distributes brands including Granini juices.
Just Drinks
Related news
The free trade agreement between China and Serbia entered into force
The free trade agreement between China and Serbia entered into…
Read more >Germany’s Mix Markt arrives in Serbia
German food chain Mix Markt, which specialises in Eastern European…
Read more >PepsiCo invests 200 million euro in Belgian plant
PepsiCo has announced significant investments in increasing its production at…
Read more >Related news
Private brands make record gains in first half of year
Private label products reached new heights in the first half…
Read more >Müller updates packaging to increase accessibility for blind shoppers
Müller is updating the packaging of all branded products with…
Read more >Auchan has appointed a new product director
From July 1, László Varga will perform the duties of…
Read more >