Announced
Completed
Financials
Sources
Tags
Disposal
Single Bidder
Acquisition
Italy
Soft Drinks
Domestic
Friendly
bottled water
Majority
Completed
Private
Synopsis
SICON, a manufacturer of PET containers, completed the acquisition of Nestle Vera, a bottled water brand, from Nestle for £67m ($91m). “Our thirty-year experience in the world of PET bottles, preforms and bottling finds its natural evolution in the direct commitment in the production and distribution in the mineral water sector. A historic brand like Acqua Vera is the best way for us to take this step,” Fabrizio Quagliuolo, Sicon CEO and Founder.
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