Danone, the food and beverage multinational, has announced the sale of its water and beverage business in Denmark, to Royal Unibrew, a Denmark-based brewing, and beverage company.
According to sources, the sale is part of Danone’s strategic portfolio review and of the continuous optimization of its capital allocation.
Royal Unibrew’s CEO, Lars Jensen, said: “I am very pleased to announce that we have entered into an agreement to acquire Aqua d’Or and we look forward to welcoming our new colleagues to Royal Unibrew. Aqua d’Or has built a strong brand in the water category in Denmark, and it fits strategically very well with our own water business in the country, as well as with our strategic focus on no-/low-sugar products”.
Terms of the deal were not disclosed.