Sale was to Quilmes Industrial (Quinsa) for up to US$27 million (£19 million). Quinsa is a subsidiary of Companhia de Bebidas das Américas (AmBev), one of the largest Pepsi bottlers in Latin America, and a member of the AB InBev group of companies.
Other Done deals
- DHAIS Plc, a freelance marketing company specialising in generating sales leads for digital hearing aid retailers, manufacturers and distributors, has acquired Keep Able Retail from Keep Able Ltd, a national mobility centre company in administration, for £220,390 in cash, of which £161,300 was for stock.
- Sovereign Capital-backed LPM Group, a provider of contract cleaning, security and maintenance services, has acquired Temple Security for £12 million. The acquisition is LPM’s fourth bolt-on deal.
- Nationwide Building Society has snapped up the head office, branches, savings accounts and the majority of the residential mortgage book of collapsed Dunfermline, Scotland’s largest building society.
- Food giant Kerry Group is free to press on with the acquisition of Breeo Foods, a subsidiary of Ireland-based Reox Holdings Plc, almost a year after an appeal against a decision by the Competition Authority of Ireland to block the proposed deal.
- ResponsiveLoad, a developer of smart grid management technology that increases the energy efficiency of everything from white goods to large-scale power generators, has received £300,000 from existing investor Low Carbon Accelerator.
- Skipton Building Society has merged with Scarborough Building Society. The new, enlarged society, which will be known as Skipton Building Society, has more than 860,000 members serviced through a network of 90 branches and assets of £16 billion.
Deals in the Pipeline
- Commercial radio broadcaster UKRD is in takeover talks with The Local Radio Company. The offer values LDC’s ordinary shares at 2p each and its entire issued share capital at some £1.44 million.
- Eurocell Profiles, a manufacturer and distributor of quality PVC-u systems, has announced the acquisition of Merritt Plastics, a post-consumer PVC-u recycling and extrusion company and Recovinyl certified recycler, based in Ilkeston, Derbyshire. The terms of the deal have not been disclosed. (Source: buildingtalk.com)