Gruppo Campari acquires Copack
Gruppo Campari has acquired the business assets of Copack Beverage, a leading Australian contract beverage packer, for $20 million.
Since 2010, Copack has been the supplier for Campari’s Wild Turkey RTDs in Australia. Following three years of operation in Australia, Gruppo Campari has achieved a scale making the in sourcing of manufacturing facilities for the region viable. The company identified that acquiring Copack was preferable to the cost of a possible greenfield initiative.
Gruppo Campari will pay $20 million on a cash-free/debt-free basis for land, buildings, production assets and working capital. The acquisition is expected to be completed in Q3 2013.
The company says the acquisition further strengthens its international supply chain capabilities while supporting its future growth in the Asia-Pacific region.
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