After further investigation, it appears that Pabst Brewing Co. could indeed go up for sale as early as 2010. According a New York Post article, the brewery's current owner - the Kalmanovitz Charitable Foundation could be forced to sell. According to the Internal Revenue Code, a non-profit cannot have any for profit holdings in its portfolio. So after several years of deliberation, it finally appears that IRS will be forcing the sale. It has also been confirmed that Bank of America Merrill Lynch has been selected as the dealer in charge of shopping Pabst Brewing Company. [...more]
Drinks retailer First Quench, which owns several brands such as Threshers, Bottoms Up and Victoria Wine, will close a further 391 stores and axe another 2140 jobs, administrators announced on Friday in a statement.
KPMG had already announced the closure of 373 shops earlier this month, and plans for another 381 closures were unveiled last week, after First Quench announced it was entering administration in October.
First Quench has indeed been severely hit by the current downturn.
"Unfortunately, despite the initial high level of interest, it remains difficult for buyers to complete deals in the current tough market," said Richard Fleming of KPMG and joint administrator of First Quench. [...more]
Three brewers are interested in buying Mexico's FEMSA Cerveza in a $7.5 billion plus auction, with SABMiller the front runner in a deal likely to be sealed in January, sources close to the situation said Friday
Europe-based brewers SABMiller and Heineken are both keen to buy one of the last big emerging market brewers, while Japan's largest brewer, Kirin Holdings Co, has asked for details on the brewer, which was effectively put up for sale last month.
"There are three groups looking at FEMSA. SABMiller and Heineken are in deep discussions, while Kirin has shown some interest," said one source with knowledge of the situation.
American brewer Molson Coors looked at FEMSA's beer operations but has backed away, largely reflecting the big loss it made buying Brazilian brewer Kaiser in 2002 then selling it to FEMSA in 2006, the sources said.
In early October, FEMSA said it was in talks with several parties to explore opportunities involving its beer business, and FEMSA's controlling family shareholders have already held talks with SABMiller, according to sources. [...more]
Moles Brewery of Melksham has launched its Black Rat Cider in 500ml bottles in a new bid to target the on-trade.
The crisp, medium dry cider, previously only available in a 330ml bottle with 4.7 per cent ABV, now has a 5.5 per cent ABV in the new bottle size.
The Black Rat brand has been growing with the success of a six per cent ABV traditional Scrumpy and a 4.8 per cent ABV sparkling cider.
Keith Reynolds, operations director at Moles said: "The development of the brand has largely been dependent on Scrumpy sales through the Bristol area, Somerset and Wiltshire region. The 500ml bottle gives us the opportunity to get the brand known in a wider area." [...more]
Magners cider producer C&C Group has bought rival manufacturer Gaymer Cider Company from Constellation Brands for £45m.
Gaymer's, which employs around 250 people, produces a number of cider brands including Blackthorn, Olde English and Gaymers.
C&C said it was funding the deal via a new bank facility of £60m.
The acquisition, which is expected to complete by mid-January, would result in savings of £3m by the end of the 2013 financial year, C&C said.
The Gaymer's deal is the latest in a list of acquisitions C&C has undertaken following the arrival of ex-Scottish & Newcastle boss John Dunsmore.
In August C&C bought the Tennent's lager brand from ABInBev for £180m. [...more]
Canadian Clear Water FZC, Internationally acclaimed water technology solution provider, has set up 20 Million USD desalination plants in Egypt, Oman & Iraq to serve to meet the growing demand for potable water in respective countries.
The desalination plant working on cutting edge technology of Reverse Osmosis converts sea water into potable water useful for industrial and drinking water purposes. Biggest of its kind, the plants can meet the requirements of the local community.
The desalination plant installed at Egypt can convert 10 MLD (Million Litre per Day) and can convert seawater into potable water skid mounted for industrial and drinking water purpose. Desalination plant at Iraq was set up as per the Government's requirement and is capable of converting 20 MLD. Installed midst of desert, 3 MLD containerized plant set up by Canadian Clear for Oman defense force is constructed in 3 pass desalination system. The plant converts the water from the desert into potable water for construction and drinking. [...more]
Constellation Brands, Inc.the world's leading wine company, announced today that it has entered into an agreement to sell its Gaymer Cider Company business to C&C Group PLC of Dublin Ireland for 45 million pounds Sterling, or approximately $70 million, subject to closing adjustments. The transaction is expected to close by mid-January 2010.
"The Gaymer cider business has been a valued and respected part of Constellation's European operations for many years," said Rob Sands, president and chief executive officer, Constellation Brands. "However, as the company's strategy has evolved to focus on premium higher-growth, higher-margin wine, beer and spirits brands, it made good strategic sense to sell the cider business. Overall, Constellation continues to pursue opportunities and strategies that promote the simplification of its international organization, the improvement of efficiencies, return on invested capital, cash flow and the reduction of costs." [...more]
Tetra Pak, a packaging and processing firm operating in more than 150 markets worldwide, has signed a deal with Braskem SA to buy high-density polyethylene (HDPE) derived entirely from renewable feedstock.
The agreement with the largest Brazilian petrochemical company is the first move toward using green polyethylene n the carton packaging industry, the firms say. [...more]
Heineken, a Dutch beer company, has begun the licensed production of Zlaty Bazant, a Slovakian beer, in Belarus,
The company said that it has already obtained the required approvals from Heineken International and will start the licensed production of Zlaty Bazant at the Syabar unit in Bobruisk. The company owns two brewing companies in Belarus. They are Izao Syabar and OJSC Rechitsapivo, which it acquired in 2007 and 2008 respectively. [...more]
New Zealand's Seidelberg Wine Estate are pleased to be able to announce that they have been able to secure the services of Alicia Rechner as head winemaker who will join them on December 1st. [...more]
Constellation Brands,announced today that it has entered into an agreement to sell its Gaymer Cider Company business to C&C Group PLC of Dublin Ireland for 45 million pounds Sterling, or approximately $70 million, subject to closing adjustments. The transaction is expected to close by mid-January 2010. [...more]
New design features dark blue background for regular and light blue background for the sugar-free product
Wave Energy Drink, of Mooresville, North Carolina, has launched the first re-design of its 16 oz beverage cans. The can re-design was handled by the BooneOakley Ad Agency, of Charlotte, North Carolina.
The company has changed from the lightly colored background 'bubbles', which represented the reduced carbonation present in Wave Energy Drink to a dark blue (for regular) and light blue (for sugar-free) background with the prominently displayed Wave Energy Drink logo.
Phil Smith, president of BooneOakley, said: "We worked closely with the Wave team to ensure the re-design would stand out where it really mattered, at the point-of-sale. To that end, we conducted research with prospective customers to test 3 different can designs, and we learned that this design increased purchase intent by a margin of 3:1 versus the other options." [...more]