Last checked at 22 Feb 2024 07:00
FOR IMMEDIATE RELEASE
Coca-Cola HBC AG
Acquires BDS Vending in Ireland, a well-established vending company, to enhance route-to-market capabilities.
Zug, Switzerland - 22 February 2024 - Coca-Cola HBC AG ("Coca-Cola HBC"), is pleased to announce that its wholly-owned subsidiary, Coca-Cola HBC Northern Ireland Limited, has reached an agreement to acquire 100% of BDS Vending Solutions Ltd ("BDS Vending") (the "Proposed Transaction"). BDS Vending, founded in 1993, is a well-established food and drink vending services business in Ireland, with a fleet of approximately 2,000 vending machines. The two founders, David Mullan and Brian Berry, have agreed to support the ownership transition of BDS Vending following completion of the Proposed Transaction.
The acquisition of BDS Vending is consistent with Coca-Cola HBC's strategy to enhance its route-to-market capabilities, including last mile delivery, while at the same time it will unlock profitable opportunities across its well-rounded cold and hot beverages and snacks portfolio. BDS Vending furthermore provides a valuable building block, with proven technology and services, from which Coca-Cola HBC plans to develop additional capabilities across its markets.
The Proposed Transaction is subject to approval by the Competition and Consumer Protection Commission (CCPC) in Ireland and is anticipated to be completed over the coming months.
Enquiries
Coca?Cola HBC Group
Investors and Analysts: | ||
John Dawson Investor Relations Director (Interim) | Tel: +44 7552 619509 john.dawson@cchellenic.com | |
Jemima Benstead Investor Relations Manager | Tel: +44 7740 535130 jemima.benstead@cchellenic.com | |
Virginia Phillips Investor Relations Manager
| Tel: +44 7864 686582 virginia.phillips@cchellenic.com | |
Media: | ||
Sonia Bastian Head of Communications | Tel: +41 7946 88054 sonia.bastian@cchellenic.com | |
Claire Evans Group Senior Communications Manager | Tel: +44 7597 562 978 claire.evans@cchellenic.com | |
ABOUT COCA-COLA HBC
Coca-Cola HBC is a growth-focused consumer packaged goods business and strategic bottling partner of The Coca-Cola Company. We open up moments that refresh us all, by creating value for our stakeholders and supporting the socio-economic development of the communities in which we operate. With a vision to be the leading 24/7 beverage partner, we offer drinks for all occasions around the clock and work together with our customers to serve 740 million consumers across a broad geographic footprint of 29 countries. Our portfolio is one of the strongest, broadest and most flexible in the beverage industry, with consumer-leading beverage brands in the sparkling, adult sparkling, juice, water, sport, energy, ready-to-drink tea, coffee, and premium spirits categories. These include Coca-Cola, Coca-Cola Zero Sugar, Fanta, Sprite, Schweppes, Kinley, Costa Coffee, Caffè Vergnano, Valser, FuzeTea, Powerade, Cappy, Monster Energy, Finlandia Vodka, The Macallan, Jack Daniel's and Grey Goose. We foster an open and inclusive work environment amongst our 33,000 employees and believe that building a more positive environmental impact is integral to our future growth. We rank among the top sustainability performers in ESG benchmarks such as the Dow Jones Sustainability Indices, CDP, MSCI ESG, FTSE4Good and ISS ESG.
Coca-Cola HBC has a premium listing on the London Stock Exchange (LSE: CCH) and is listed on the Athens Exchange (ATHEX: EEE). For more information, please visit https://www.coca-colahellenic.com.
About BDS Vending Solutions
BDS Vending Solutions is a privately-held dedicated food and drink vending services business that offers full-service vending solutions, including machine sales, supply, operation, servicing and customer support services. BDS Vending Solutions, founded in 1993 by David Mullan and Brian Berry, is based in Dublin and primarily active in Ireland with minor operations in Northern Ireland. It operates depots in Dublin, Cork, Galway, Sligo, Limerick and Wexford.
BDS Vending Solutions sells a range of different products, including cold beverages, hot beverages, snacks and a limited fresh food assortment. BDS Vending Solutions provides vending services to customers operating across a range of different channels including workplace, education, healthcare, sports and leisure, and entertainment. In addition to its vending services offering, BDS Vending Solutions is also active in providing contract catering services to offices and other work environments.