DAVIDE CAMPARI-MILANO SPA Casoni Fabbricazione Liquori S.p.A., specialized in the production of private label alcoholic beverages and co- packing activities, entered Gruppo Campari's business in June 2014 within the acquisition of Averna Group, the owner, in particular, of Amaro Averna and Braulio brands.
Following the acquisition, the Group started a reorganisation process of the Averna Group business aiming at achieving synergies via the transfer of bottling and distribution activities relating to strategic brands into Gruppo Campari's existing platform as well as optimising the acquired portfolio via the sale of the non-core brand Limoncetta, finalized in January 2015. By the disposal of Casoni Fabbricazione Liquori S.p.A., the Group continues to implement successfully its divesture program involving non-core and low margin businesses in line with its announced strategy.
The business, which will be sold to a pool of local entrepreneurs, mainly consists of production plants located in Modena, Italy, and Pribenìk, Slovak Republic.
This transaction underlines Gruppo Campari strategy of strengthening its focus on its core high-margin spirits business by streamlining its non-core businesses. Besides the sale of the Limoncetta brand in Italy in January 2015 (consideration of € 7.0 million), Gruppo Campari completed the disposals of the Punch Barbieri brand in Italy in February 2013 (consideration of € 4.5 million), the Jamaican division Federated Pharmaceutical in Jamaica in March 2015 (consideration of € 13.0 million), the Enrico Serafino S.r.l. winery in Italy in June 2015 (consideration of € 6.1 million) and the Agri-Chemicals division of J. Wray & Nephew Limited in Jamaica in July 2015 (consideration of € 7.3 million). Lastly, during the first quarter 2015, Gruppo Campari exited the third party distribution agreements of general merchandise in Jamaica.
***
FOR FURTHER INFORMATIONInvestor Relations | ||
Chiara Garavini | Tel. +39 02 6225 330 | Email: chiara.garavini@campari.com |
Jing He | Tel. +39 02 6225 832 | Email: jing.he@campari.com |
Corporate Communications | ||
Enrico Bocedi | Tel.: +39 02 6225 680 | Email: enrico.bocedi@campari.com |
http://www.camparigroup.com/en/investor http://www.camparigroup.com/en http://www.youtube.com/campariofficial https://twitter.com/GruppoCampari
Davide Campari-Milano S.p.A., together with its affiliates ('Gruppo Campari'), is a major player in the global beverage sector, trading in over 190 nations around the world with leading positions in Europe and the Americas. The Group was founded in 1860 and today is the sixth-largest player worldwide in the premium spirits industry. The Group's portfolio, with over 50 brands, spans spirits, the core business, wines and soft drinks. Internationally-renowned brands include Aperol, Appleton Estate, Campari, SKYY and Wild Turkey. Headquartered in Sesto San Giovanni, Italy, Campari owns 16 plants and 2 wineries worldwide and has its own distribution network in 19 countries. The Group employs around 4,000 people. The shares of the parent company, Davide Campari-Milano S.p.A. (Reuters CPRI.MI - Bloomberg CPR IM), are listed on the Italian Stock Exchange since 2001. For more information: http://www.camparigroup.com
Please enjoy our brands responsibly
Davide Campari - Milano S.p.A. issued this content on 2015-12-29 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-29 14:33:04 UTC
Original Document: http://www.camparigroup.com/sites/default/files/downloads/20151229_cpr_cfl_eng_vfinal.pdf
