Japanese-based Suntory Limited has signed an agreement with Danone Asia Pty Ltd, a subsidiary of Groupe Danone, to purchase their beverage business Frucor. The sale was completed for an amount of over €600 million (about A$1.2b). Danone announced a review of Frucor, their Australian and New Zealand-based beverage business, in August as they continued to refocus on becoming a health and wellness company. They began the bidding process in September with a number of suitors reportedly keen... ...Read more »
Frucor, Groupe Danone’s Australian and New Zealand beverage business, has reportedly drawn the attention of a number of trade suitors as private equity firms drop out of the bidding. Danone has not yet officially put Frucor on the market but they announced a thorough review was underway in August and, with their recent refocus on health and wellness products, speculation of a sale has been strong. Frucor, New Zealand’s second largest non-alcoholic beverage manufacturer, is valued by analysts... ...Read more »
Red Devil, a premium energy drink amongst the top three in the energy category in the US and a number of European countries, is set to launch in Australia and New Zealand before the end of the year. The first shipment will go on sale in the ACT and WA later this month and will add another competitor to the increasingly lucrative sector. The Frucor-owned ‘V’ remains the market leader in Australia from Red Bull, with Coca-Cola Amatil finally starting to make inroads thanks to the relaunch... ...Read more »
Reports suggest that strong interest has been generated in both the potential sales of Cadbury’s Australian beverage division and Frucor - owned by Danone. Companies consistently linked to bids have included P&N Beverages, Coca-Cola Amatil and National Foods, although competition concerns could play a factor in the process, with Coca-Cola Amatil likely to be the most heavily scrutinised by the ACCC - according to analysts. Groupe Danone reported at the end of August that a review of their... ...Read more »
Groupe Danone, in response to speculation that a sale of their Australasian beverage group Frucor in on the horizon, has reported that a review of the company has been initiated. “Over the last six years, Frucor has played an instrumental role in the development of Danone’s strategy for beverages,” the company said in a statement. “In light of the Group’s recent refocus on purity and naturality within its Waters division, Danone is conducting a thorough review of all... ...Read more »
The five year association between Schweppes and Red Bull GmbH is about to come to an end. In July 2003 Red Bull Australia and Schweppes formed a distribution alliance, with Schweppes to assist with sales, distribution and merchandising of the popular energy drink. In most countries Red Bull takes sole responsibility for distribution, but the association with Schweppes was made due to the strength of their network in Australia and the resulting ability to increase sales of the product. The... ...Read more »
The energy drink market has become increasingly competitive, as beverage companies seek to capitalise on the desire for consumers to find an energy boost during their day. The global energy drink industry, which has been one of the top performing beverage sectors over the past decade, is still dominated by Red Bull despite several attempts by beverage giants PepsiCo and Coca-Cola to take a chunk out of their market share. In Australia and New Zealand ‘V’, owned by Frucor Beverages,... ...Read more »