22nd Feb 2024 09:32
(Alliance News) - Coca-Cola HBC AG on Thursday said it had acquired a "well-established" Irish vending company.
Coca-Cola HBC, also known as Coca-Cola Hellenic, is based in Steinhausen, Switzerland and is the third-largest Coca-Cola anchor bottler in the world. The bottler has a current market capitalisation of GBP9.17 billion.
The company announced that its Northern Irish subsidiary had reached an agreement to acquire 100% of BDS Vending Solutions Ltd, a Dublin-based food and drink vending services businesses.
Coca-Cola HBC said that the acquisition of this "well-established vending company" is consistent with its strategy of enhancing "route-to-market capabilities, include last mile delivery". Coca-Cola HBC added that the deal will also allow the company to "unlock profitable opportunities across its well-rounded cold and hot beverages and snacks portfolio".
Coca-Cola HBC anticipates the acquisition to close over the coming months.
On Tuesday, the company announced that it launched a euro-denominated four-year fixed rate issue of notes under its EUR5.00 billion euro medium term note programme.
The company announced the pricing of a EUR600 million aggregate principal amount of 3.375% notes due 2028.
Shares in Coca-Cola HBC AG were down 0.1% at 2,498.00 pence each in London on Thursday morning.
By Hugh Cameron, Alliance News reporter
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