Compañía Cervecerías Unidas (The United Brewers Company or CCU) of Chile announced that it has purchased 100% of the shares in the Uruguayan company that produces the mineral water brand Nativa and the soda brand NIX.
This is the first expansion into Uruguay for the biggest beer producer in Chile and second biggest beer producer in Argentina. CCU is also the second biggest soda producer in Chile according to data supplied by the company.
The company is also the largest bottler of mineral water in Chile and participates in the distribution of other beverages like rum, pisco and liquor.
The deal was concentrated in Uruguay and involved Marzuel SA, Milotur SA, Coralina SA, and Andrimar SA, which each owned shares in the company which produced and sold both Nix and Nativa.
The acquisition “falls within CCU’s strategic plan which seeks to expand our operations into new markets” CCU announced.
The cost of the acquisition was not announced.
This Uruguay Business Reports article is a translation of an article that appeared in the Uruguayan newspaper El Observador. This article is available in Spanish here. Uruguay Business Reports translation by Donovan Carberry.
Uruguay Business Reports 