Warsaw, 1 February 2016, Orbico Group purchased 80% of shares in Distribev, a traditional trade and HoReCa sales and distribution company from Żywiec Group S.A. and its 100% subsidiary Distribev Holding Sp. z o.o. The majority package of shares was acquired for the price of PLN 96 mln, which will be subject to price adjustment mechanism. Following the conclusion of the sale agreement, Grupa Żywiec and Distribev Holding jointly hold the remaining 20% of shares in Distribev. The transaction was approved by UOKiK.
– Finalization of this transaction is an important step in implementation of Grupa Żywiec strategy aimed at focusing on its core business – brewing great beers and building strong brands. We are convinced that with such strategic investor as Orbico Group, Distribev will be able to constantly improve its services and development on the competitive traditional trade and HoReCa market with benefit for customers, employees and shareholders. – said Guillaume Duverdier, President of the Management Board of Grupa Żywiec S.A.
– Through this investment Orbico Group continues to realise its development strategy resulting from its long-term determination towards distribution, especially in serving traditional trade and HoReCa. – said Branko Roglić, President of Orbico Group.
Distribev is a direct sales and distribution company serving traditional trade and HoReCa market with beer and spirits offer. The company started its operation in April 2015 after being carved-out from Żywiec Group. In July a conditional agreement was signed based on which Orbico Group was to buy 80% of shares in Distribev from Żywiec Group and its subsidiary Distribev Holding. After the Office of Competition and Consumer Protection (UOKIK) approval was obtained and conditions fulfilled, the transaction could be finalized.
Vienna Capital Partners acted as exclusive investment banking advisor and Allen & Overy acted as a legal advisor to Grupa Żywiec regarding signing the agreement.
Orbico Group is a leading distributor for a number of quality globally known brands ranging from food and non-food products, beauty care products through technical and electrical appliances to pharmaceuticals, toys, textile, cigarettes as well as motor oil products. The company operates in 18 markets in Central and Eastern Europe. The Company’s customers range from large multinational chains, local retail chains to wholesale stores, drugstores, pharmacies, independent local traders, B2B entrepreneurs and specialized sales channels. Orbico is a partner of choice, meeting the needs of its business partners with optimal mix of product offering, services, flexibility and local expertise. Orbico Group employs over 3000 people, including 500 in Poland. More information on www.orbico.com
Grupa Żywiec is one of the leading brewers in Poland with the broadest portfolio of 34 products under 15 brands and 11 different styles. The flagship brand is Żywiec – a leader of the premium segment in Poland and one of the most popular export beers sold abroad for over 100 years. Other key brands include: Heineken, Warka and Tatra. An important part of the company’s offer are regional brands: Królewskie (central Poland), Leżajsk (South-East) and Specjal (North), Brackie (South). Grupa Żywiec also distributes international specialties (Desperados, Paulaner, Affligem,) and Polish specialties (Kaper, Żywiec Porter, Żywiec Marcowe, Żywiec Białe, Żywiec Bock, Warka Radler) as well as Strongbow cider. Grupa Żywiec is part of HEINEKEN, the largest beer producer in Europe and one of the leading international brewers. Grupa Żywiec is the only brewer in Poland listed on the Warsaw Stock Exchange since 24.09.1991 More on: www.grupazywiec.pl
Quelle: Grupa Żywiec, 20160201