Knjaz Milos acquired by Mattoni 1873, PepsiCo

Mattoni 1873 and PepsiCo on Tuesday completed an acquisition of a 100 pct stake in Serbian mineral water and non-alcoholic beverages producer Knjaz Milos.

20 Avgust 2019 17:21

BELGRADE - Mattoni 1873 and PepsiCo on Tuesday completed an acquisition of a 100 pct stake in Serbian mineral water and non-alcoholic beverages producer Knjaz Milos.

The transaction, which has been approved by the antitrust commission, includes an acquisition of Knjaz Milos's production facilities in Serbia, as well as the Knjaz Milos, Aqua Viva, Guarana, ReMix Knjaz, Tube and Gusto brands, among others.

Knjaz Milos was previously owned by the Mid Europa Partners investment fund.

Welcoming Knjaz Milos to the Mattoni 1873 family, Alessandro Pasquale, CEO of the Czech Republic-based company, told a press conference the acquisition would offer new possibilities for growth and development of the company, its consumers and employees.

The price of the acquisition remains undisclosed.


Photo: Tanjug/F. Kraincanic


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