Coca-Cola HBC AG
Completes the acquisition of Finlandia Vodka from Brown-Forman
Zug, Switzerland, 1 November 2023 - Following its announcement on 19 June 2023, Coca-Cola HBC AG ("Coca-Cola HBC") is pleased to announce the completion of the acquisition by its wholly-owned subsidiary CC Beverages Holdings II BV of Brown-Forman Finland Oy ("Company"), owner of the Finlandia vodka brand ("Finlandia"), from Brown-Forman Corporation's wholly-owned subsidiary, Brown-Forman Netherlands BV. The total consideration amounts to US$220 million and is subject to a customary completion accounts review process.
Finlandia was established in 1970 and is a leading vodka brand in Central and Eastern Europe. Ownership of the Finlandia brand represents a unique opportunity that will accelerate Coca-Cola HBC's journey towards becoming the leading 24/7 beverage partner. Finlandia will enhance Coca-Cola HBC's premium spirits credentials; driving mixability opportunities with premium and super-premium Non-Alcoholic Ready-To-Drink (NARTD) products, helping to capture more drinking occasions, and strengthen partnerships with customers in strategically important channels such as hotels, restaurants and cafes (HoReCa).
Enquiries
Coca‑Cola HBC Group
Investors and Analysts: |
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John Dawson Investor Relations Director (Interim) | Tel: +44 7552 619509 |
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Jemima Benstead Investor Relations Manager | Tel: +44 7740 535130 |
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Marios Matar Investor Relations Manager | Tel: +30 697 444 3335 |
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Virginia Phillips Investor Relations Manager | Tel: +44 7864 686582 |
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Media: |
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Sonia Bastian Head of Communications | Tel: +41 7946 88054 |
Ciara Cashen Senior Group Communications Manager | +353 861940885 |
Coca-Cola HBC Group
Coca-Cola HBC is a growth-focused consumer packaged goods business and strategic bottling partner of The Coca-Cola Company. We open up moments that refresh us all, by creating value for our stakeholders and supporting the socio-economic development of the communities in which we operate. With a vision to be the leading 24/7 beverage partner, we offer drinks for all occasions around the clock and work together with our customers to serve 740 million consumers across a broad geographic footprint of 29 countries. Our portfolio is one of the strongest, broadest and most flexible in the beverage industry, with consumer-leading beverage brands in the sparkling, adult sparkling, juice, water, sport, energy, ready-to-drink tea, coffee, and premium spirits categories. These include Coca-Cola, Coca-Cola Zero Sugar, Fanta, Sprite, Schweppes, Kinley, Costa Coffee, Caffè Vergnano, Valser, FuzeTea, Powerade, Cappy, Monster Energy, The Macallan, Jack Daniel's and Grey Goose. We foster an open and inclusive work environment amongst our 32,000 employees and believe that building a more positive environmental impact is integral to our future growth. We rank among the top sustainability performers in ESG benchmarks such as the Dow Jones Sustainability Indices, CDP, MSCI ESG, FTSE4Good and ISS ESG.
Coca-Cola HBC has a premium listing on the London Stock Exchange (LSE: CCH) and is listed on the Athens Exchange (ATHEX: EEE). For more information, please visit https://www.coca-colahellenic.com/
About Brown-Forman
For more than 150 years, Brown-Forman Corporation has enriched the experience of life by responsibly building fine quality beverage alcohol brands, including Jack Daniel's Tennessee Whiskey, Jack Daniel's Ready-to-Drinks, Jack Daniel's Tennessee Honey, Jack Daniel's Tennessee Fire, Jack Daniel's Tennessee Apple, Gentleman Jack, Jack Daniel's Single Barrel, Woodford Reserve, Old Forester, Coopers' Craft, The GlenDronach, Benriach, Glenglassaugh, Slane, Herradura, el Jimador, New Mix, Korbel, Sonoma-Cutrer, Chambord, Fords Gin, Gin Mare, and Diplomático Rum. Brown-Forman's brands are supported by approximately 5,600 employees globally and sold in more than 170 countries worldwide. For more information about the company, please visit brown-forman.com. Follow us on LinkedIn, Instagram and X, formerly Twitter.