Coca-Cola Beverage purchase Ipiranga by Andean r $ 1.2 billion

SAO PAULO-the Andean Coca Cola Brazil, Chilean beverage producer arm Embolletadora Andina, announced the acquisition of Ipiranga Drinks company, one of the largest and most traditional brand of soft drinks factories in the country, for $ 539 million, or $ 1.22 billion.
Through a statement released on Thursday, 11, the Chilean company reports that "to set the value to pay for company stock, the value will be reduced to net debt (not revealed) at the time of the transaction, which still depends on the approval of the Administrative Council for economic Defense (Cade).
According to the company, the transaction allows the company "to capture operational and logistical synergies of approximately $ 10 million per year, as well as tax benefits as a result of the integration of the business". In 2012, the recipe of the Ipiranga was r $ 695 million, and Ebitda of R $ 112 million. "This transaction allows Andina to further consolidate its leading position in the Coca-Cola system in Brazil, as well as new opportunities, and create value for its shareholders and employees."
With Brazilian headquarters in Rio de Janeiro and producing units in the capital fluminense and in Cariacica (ES), the Andean Coca Cola of Brazil dominates the beverage market in the two States and will incorporate the factory of Ribeirão Preto, in the State of São Paulo. Operations comprise more than 25 thousand points of sale in 131 cities, 78 in São Paulo and 53 in Minas Gerais. In addition to the factory in the city of São Paulo, Ipiranga has distributors in Araraquara (SP), Franca (SP), São João da Boa Vista (SP), Mococa (SP) and São Sebastião do Paraíso (MG).
"This acquisition reinforces our goal of being a leader in all markets in which we operate and be a Consolidator of the Coca-Cola system in Latin America. Also reinforces our commitment to the Brazilian market, with great potential for growth, "said Miguel Angel Peirano, Executive Vice President of Coca-Cola Andina. "We believe that the acquisition of Ipiranga, which is an operator of excellence recognized in the system, create value for our shareholders," he added the Executive, in a statement.