Trade Resources Company News CCA Acquired PT San Miguel Indonesia Food and Beverages for $47m

CCA Acquired PT San Miguel Indonesia Food and Beverages for $47m

Coca-Cola Amatil (CCA) has announced the acquisition of the PT San Miguel Indonesia Food and Beverages non-alcoholic beverage bottling assets in Jakarta, Indonesia in a deal worth A$45m (($47m).

CCA's acquisition follows the decision of San Miguel to leave the production of non-alcoholic beverages in Jakarta. The assets include a 20,000m2 beverage production facility, which consists of a polyethylene terephthalate (PET) bottling line and a 5,000m2 warehouse.

CCA group managing director Terry Davis said the company will also install an additional carbonated soft drink PET line, increasing its Indonesian PET production capacity by 20% over the next one year.

"The acquisition of this large and modern facility is a very important acquisition for CCA as it fast tracks our expansion plans for the Jakarta region, providing a well located complement to our Cibitung manufacturing operations," Davis said.

San Miguel's bottling facility can add a further three beverage production lines which could increase PET capacity in Indonesia by 35-40%.

Australia-based Coca-Cola bottler CCA bottles non-alcoholic ready-to-drink beverages in the Asia-Pacific region.

Source: http://beverageproducts.packaging-business-review.com/news/coca-cola-amatil-acquires-san-miguel-indonesia-bottling-assets-for-47m-131212
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Coca-Cola Amatil Acquires San Miguel Indonesia Bottling Assets for $47m