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business2 hours ago
Aujan Coca Cola Beverages Company, or ACCBC, a leading regional bottler and beverage manufacturer, has confirmed that it has completed the acquisition of a majority stake in the National Beverage Company, or NBC, the the manufacturer and distributor of Coca-Cola, Pampa and several other popular products in Lebanon.
ACCBC acquired its stake from Transmed, a consumer products distributor, which retains a holding in NBC. The deal enables NBC to benefit from ACCBC’s significant expertise and scale.
“ACCBC has seen consistent growth in virtually all of our markets over a long period, and we plan to replicate this performance with NBC by focusing on increasing its market share within Lebanon,” ACCBC chief executive officer Nicolaas Nusmeier said.
Compiled from Reuters and staff reports
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