BritVic completes £56.8m acquisition of Brazil drinks companyStaff Writer | March 3, 2017
BritVic, the owner of Robinson's juices and a bottler for PepsiCo brands, has completed the £56.8m acquisition of Brazilian drink company Bela Ischia Alimentos.
Acquisition Bela Ischia Alimentos has been sold
BritVic expects the acquisition to generate at least 10m Brazilian reals of cost from joint efficiencies in procurement, production, logistics and administration.
However, about £3.5m of exceptional costs will be incurred this year due to the acquisition and integration of Bela Ischia.
Bela Ischia generated revenue of 160m Brazilian reals and earnings before interest, tax depreciation and amortisation (EBITDA) of 18.5m Brazilian reals in 2016. ■