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Olvi buys majority of importer Brewery International
Yahoo Finance· 2025-12-03 12:53
Core Insights - Olvi Group has acquired a 51% stake in Brewery International, a beverage importing and distribution business in Norway and Sweden, with an option to acquire the remaining shares later [1][2] - The acquisition aligns with Olvi's strategic vision to enhance its multi-beverage portfolio and expand internationally through branded partnerships, strengthening its presence in the Nordic markets [2][3] - Brewery International's portfolio includes global beer brands, ciders, ready-to-drink beverages, soft drinks, and energy drinks, which will enhance Olvi's distribution capabilities in Norway and Sweden [3][4] Company Strategy - The acquisition is part of Olvi's strategy to become a leading multi-local beverage house and to create synergies with its existing export operations [2][5] - Olvi has been actively pursuing acquisitions, having recently signed deals to acquire several beverage companies in the Baltic region and beyond, indicating a strong growth trajectory [6] Market Performance - In Q3 2025, Olvi's sales volume was 271 million liters, a slight decrease from 272.6 million liters in the same period the previous year, reflecting ongoing market challenges [7]