Henkell & Co Gruppe has expanded its presence in Eastern Europe with the acquisition of 75% of Lithuanian distributor Filipopolis.
The move sees Henkell increase the number of countries it operates subsidiaries in to 22.
Filipopolis, based in Kaunas, is one of the leading importers and distributors of alcoholic drinks within Lithuania and had earnings of €7 million last year, according to Henkell.
Within the Baltics, Henkell acquired Budampex in Estonia in 2008 and founded Henkell & Co Baltic in Latvia in 2011.
While Filipopolis has already distributed Henkell’s Törley brand in the past, the company will extend its portfolio to include further international brands belonging to Henkell with an aim to capitalise on positive sparkling wine trends.
Filipopolis managing director and owner Liudas Zukaitis said: “The partnership with Henkell & Co is an ideal connection for our company. The group’s Europe-wide expertise in sparkling wine is of particular interest to us.
“Additionally, our integration into the Henkell & Co Gruppe gives us direct access to a powerful international network for sparkling wine, wine and spirits. We are all very pleased with this fantastic opportunity.”
Ruta Žukaityte, Filipopolis head of marketing, added: “Sparkling wine is an established category within Lithuania and the import segment is growing. The new opportunities are sparkling. So we are very pleased that we can now introduce Lithuanian consumers to the broad portfolio of Henkell & Co Gruppe brands.”
Andreas Brokemper, spokesman for the Henkell & Co Gruppe management, said: “Lithuania is the sparkling wine market with the highest levels of consumption in the Baltic. We are optimistic that we can also establish our international core brands in Lithuania and through the now complete pan-Baltic representation of our company, become even more attractive for our customers.”
The announcement follows a deal last month in which Henkell bought a majority stake in Spanish cava producer Freixenet for just under €220 million.
Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.
Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.
The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.