Danish brewer Carlsberg has said that it will buy Germany's Wernesgrüner Brewery from Bitburger Braugruppe for an undisclosed price.
"The acquisition of the Wernesgrüner Brewery will strengthen our position in our core regions of northern and eastern Germany," Carlsberg chief executive Cees t' Hart said.
In 2019, Wernesgrüner had a production volume of approximately 0.5 million hectolitres and a revenue of €31 million, Carlsberg said.
Expected Transaction Completion Date
The transaction, subject to clearance from competition authorities, is expected to be completed on January 1, 2021.
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