SABMiller sells bottling operations

SABMiller Plc has announced that subsidiaries of its Colombian concern Bavaria SA have completed the sale of Bebidas y Aguas Gaseosa Occidente SRL, its Pepsi bottling operations in Bolivia, for up to US$27 million.

Sale was to Quilmes Industrial (Quinsa) for up to US$27 million (£19 million). Quinsa is a subsidiary of Companhia de Bebidas das Américas (AmBev), one of the largest Pepsi bottlers in Latin America, and a member of the AB InBev group of companies.

Other Done deals

  • DHAIS Plc, a freelance marketing company specialising in generating sales leads for digital hearing aid retailers, manufacturers and distributors, has acquired Keep Able Retail from Keep Able Ltd, a national mobility centre company in administration, for £220,390 in cash, of which £161,300 was for stock.
  • Sovereign Capital-backed LPM Group, a provider of contract cleaning, security and maintenance services, has acquired Temple Security for £12 million. The acquisition is LPM’s fourth bolt-on deal.
  • Nationwide Building Society has snapped up the head office, branches, savings accounts and the majority of the residential mortgage book of collapsed Dunfermline, Scotland’s largest building society.
  • Food giant Kerry Group is free to press on with the acquisition of Breeo Foods, a subsidiary of Ireland-based Reox Holdings Plc, almost a year after an appeal against a decision by the Competition Authority of Ireland to block the proposed deal.
  • ResponsiveLoad, a developer of smart grid management technology that increases the energy efficiency of everything from white goods to large-scale power generators, has received £300,000 from existing investor Low Carbon Accelerator.
  • Skipton Building Society has merged with Scarborough Building Society. The new, enlarged society, which will be known as Skipton Building Society, has more than 860,000 members serviced through a network of 90 branches and assets of £16 billion.

Deals in the Pipeline

  • Commercial radio broadcaster UKRD is in takeover talks with The Local Radio Company. The offer values LDC’s ordinary shares at 2p each and its entire issued share capital at some £1.44 million.
  • Eurocell Profiles, a manufacturer and distributor of quality PVC-u systems, has announced the acquisition of Merritt Plastics, a post-consumer PVC-u recycling and extrusion company and Recovinyl certified recycler, based in Ilkeston, Derbyshire. The terms of the deal have not been disclosed. (Source:

Nick Britton

Lexus Ernser

Nick was the Managing Editor for when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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