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Announced

Completed

SICON completed the acquisition of Nestle Vera for £67m.

Financials

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Transaction Value£67m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Disposal

Single Bidder

Acquisition

Italy

Soft Drinks

Domestic

Friendly

bottled water

Majority

Completed

Private

Synopsis

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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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