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Coca-Cola HBC AG announced the acquisition of BDS Vending Solutions Ltd, a Dublin-based vending services provider. The Northern Irish subsidiary of Coca-Cola HBC sealed the deal to purchase 100% of what it described as a "well-established" Irish vending company.
Strategic Acquisition for Market Growth
This acquisition aligns with Coca-Cola HBC's strategy to enhance its route-to-market capabilities, emphasizing last-mile delivery. It also opens doors to profitable ventures across its diverse beverage and snack portfolio.
Established in 1993, BDS Vending boasts around 2,000 vending machines. The founders, David Mullan and Brian Berry will support the transition of BDS Vending post-acquisition. Coca-Cola HBC aims to leverage BDS Vending's technology and services to enhance market capabilities.
Expanding Business Horizons
Morningstar noted that acquiring BDS Vending reinforces Coca-Cola HBC's commitment to improving its route-to-market operations and exploring new opportunities in the beverage and snack sectors. The acquisition of BDS Vending is a strategic step towards growth and innovation within the company.
Coca-Cola HBC, also known as Coca-Cola Hellenic, is the third-largest Coca-Cola anchor bottler worldwide. Based in Steinhausen, Switzerland, Coca-Cola HBC holds a market capitalization of GBP9.17 billion.
Anticipated Transaction Closure
In a press release, Coca-Cola HBC expects the acquisition to conclude in the upcoming months. Furthermore, the company recently introduced a euro-denominated fixed-rate issue of notes worth EUR600 million under its EUR5.00 billion euro medium-term note program.
Shares of Coca-Cola HBC AG experienced a marginal decline of 0.1% to 2,498.00 pence each in London on Thursday morning. The Proposed Transaction is pending approval from the Competition and Consumer Protection Commission (CCPC) in Ireland and is slated for completion soon.
Photo: Coca-Cola HBC Newsroom
