HEINEKEN Acquires Remaining Stake in Lagunitas Brewing Company
(Thomson Reuters ONE) -
Amsterdam, 4 May 2017 - Heineken N.V. ('HEINEKEN') (EURONEXT: HEIA; OTCQX:
HEINY) today announces that it has acquired all the remaining shares in
Lagunitas Brewing Company. To maintain the Lagunitas culture and free spirit,
the company will continue to operate as an independent entity within HEINEKEN
and will report within the HEINEKEN Americas Region.
Tony Magee, the founder of Lagunitas, will remain active as Executive Chairman
of the company. Tony will be supported by his current management team. In
addition, Tony will take a leading advisory role to HEINEKEN and its Executive
Team on the global and local craft strategy.
HEINEKEN has enjoyed a successful partnership with Lagunitas since 2015, when it
acquired a 50% stake in the company. Since then Lagunitas has continued to
outperform the US beer market, where craft beer now represents about 11% of
total volume. Lagunitas is the market leader in the IPA segment, the fastest
growing sub-segment within craft, and sold over 1 million hectolitres in 2016.
HEINEKEN has helped to expand Lagunitas' international presence, including entry
into new markets such as France, Mexico, Italy and Spain, and extended the
brand's availability in markets including the UK, Canada, Netherlands, Sweden
and Japan. Following this transaction HEINEKEN will accelerate the export of
Lagunitas to many more markets around the world.
The impact of this acquisition, similar to the proposed acquisitions in Brazil
and in the UK, is excluded from the 2017 FY margin guidance. In the current
year the impact of acquiring Lagunitas is expected to be slightly margin
dilutive.
Commenting on the transaction, Jean-François van Boxmeer, Chairman of the
Executive Board & CEO of HEINEKEN said: "Our partnership with Lagunitas has
been a great success and today's announcement marks the next stage of an
exciting journey. We look forward to accelerating the roll-out of the Lagunitas
brand to many more markets, and sharing Lagunitas craft beer with many more
consumers around the world."
Tony Magee, founder and Executive Chairman of Lagunitas, added: "During the 19
months of our partnership we have come to trust and truly believe in each other.
Through that we have found ourselves aligned on how to bring the vibe of U.S.
craft-brewing to beer lovers everywhere. Only by fully committing to this
relationship can we both respond to the historic opportunity that awaits us in
all 24 time zones."
The transaction has been completed with immediate effect. Financial terms are
not disclosed.
ENDS
Press enquiries
John-Paul Schuirink
E-mail: pressoffice(at)heineken.com
Tel: +31-20-5239-355
Michael Fuchs
E-mail: pressoffice(at)heineken.com
Tel: +31-20-5239-355
Investor and analyst enquiries
Sonya Ghobrial
E-mail: investors(at)heineken.com
Tel: +31-20-5239-590
Chris MacDonald / Gabriela Malczynska
E-mail: investors(at)heineken.com
Tel: +31-20-5239-590
Information relating to HEINEKEN Group and Lagunitas
About HEINEKEN Group:
HEINEKEN is the world's most international brewer. It is the leading developer
and marketer of premium beer and cider brands. Led by the Heineken® brand, the
Group has a powerful portfolio of more than 250 international, regional, local
and specialty beers and ciders. We are committed to innovation, long-term brand
investment, disciplined sales execution and focused cost management. Through
"Brewing a Better World", sustainability is embedded in the business and
delivers value for all stakeholders. HEINEKEN has a well-balanced geographic
footprint with leadership positions in both developed and developing markets. We
employ approximately 73,500 people and operate more than 165 breweries,
malteries, cider plants and other production facilities in more than 70
countries. Heineken N.V. and Heineken Holding N.V. shares trade on the Euronext
in Amsterdam. Prices for the ordinary shares may be accessed on Bloomberg under
the symbols HEIA NA and HEIO NA and on Reuters under HEIN.AS and HEIO.AS.
HEINEKEN has two sponsored level 1 American Depositary Receipt (ADR) programmes:
Heineken N.V. (OTCQX: HEINY) and Heineken Holding N.V. (OTCQX: HKHHY). Most
recent information is available on HEINEKEN's website:
www.theHEINEKENcompany.com and follow us via (at)HEINEKENCorp.
About Lagunitas Brewing Company:
Lagunitas Brewing Company began on a kitchen stove in Northern California in
1993. From actually getting beers into bottles and onto the streets, Lagunitas
looks to the future. From expanding the Petaluma Brewery to building a second in
Chicago and soon a third in Azusa CA to bringing its flagship IPA across the
pond Lagunitas could probably make good beer on the Moon. Wherever you go, beer
speaks, people mumble. More mumblings at www.lagunitas.com.
Please click here for full press release.:
http://hugin.info/130667/R/2101895/797056.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: HEINEKEN NV via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 04.05.2017 - 17:45 Uhr
Sprache: Deutsch
News-ID 540416
Anzahl Zeichen: 6055
contact information:
Town:
Amsterdam
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 302 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"HEINEKEN Acquires Remaining Stake in Lagunitas Brewing Company"
steht unter der journalistisch-redaktionellen Verantwortung von
HEINEKEN NV (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
