REG - Coca-Cola HBC AG - Coca-Cola HBC acquires BDS Vending in Ireland

Coca Cola HBC AGAnnouncement

22/02/2024 07:00

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RNS Number : 0729E  Coca-Cola HBC AG  22 February 2024

FOR IMMEDIATE RELEASE

Coca-Cola HBC AG

Acquires BDS Vending in Ireland, a well-established vending company, to
enhance route-to-market capabilities.

 

Zug, Switzerland - 22 February 2024 - Coca-Cola HBC AG ("Coca-Cola HBC"), is
pleased to announce that its wholly-owned subsidiary, Coca-Cola HBC Northern
Ireland Limited, has reached an agreement to acquire 100% of BDS Vending
Solutions Ltd ("BDS Vending") (the "Proposed Transaction"). BDS Vending,
founded in 1993, is a well-established food and drink vending services
business in Ireland, with a fleet of approximately 2,000 vending machines. The
two founders, David Mullan and Brian Berry, have agreed to support the
ownership transition of BDS Vending following completion of the Proposed
Transaction.

The acquisition of BDS Vending is consistent with Coca-Cola HBC's strategy to
enhance its route-to-market capabilities, including last mile delivery, while
at the same time it will unlock profitable opportunities across its
well-rounded cold and hot beverages and snacks portfolio. BDS Vending
furthermore provides a valuable building block, with proven technology and
services, from which Coca-Cola HBC plans to develop additional capabilities
across its markets.

The Proposed Transaction is subject to approval by the Competition and
Consumer Protection Commission (CCPC) in Ireland and is anticipated to be
completed over the coming months.

 

 

Enquiries

 

Coca‑Cola HBC Group

 

 Investors and Analysts:
 John Dawson                             Tel: +44 7552 619509

 Investor Relations Director (Interim)    john.dawson@cchellenic.com

 Jemima Benstead                         Tel: +44 7740 535130

 Investor Relations Manager              jemima.benstead@cchellenic.com

 Virginia Phillips                       Tel: +44 7864 686582

 Investor Relations Manager              virginia.phillips@cchellenic.com

 Media:
 Sonia Bastian                           Tel: +41 7946 88054

 Head of Communications                  sonia.bastian@cchellenic.com

 Claire Evans                                                 Tel: +44 7597 562 978

 Group Senior Communications Manager                          claire.evans@cchellenic.com (mailto:claire.evans@cchellenic.com)

 

 

 

ABOUT COCA-COLA HBC

 

Coca-Cola HBC is a growth-focused consumer packaged goods business and
strategic bottling partner of The Coca-Cola Company. We open up moments that
refresh us all, by creating value for our stakeholders and supporting the
socio-economic development of the communities in which we operate. With a
vision to be the leading 24/7 beverage partner, we offer drinks for all
occasions around the clock and work together with our customers to serve 740
million consumers across a broad geographic footprint of 29 countries. Our
portfolio is one of the strongest, broadest and most flexible in the beverage
industry, with consumer-leading beverage brands in the sparkling, adult
sparkling, juice, water, sport, energy, ready-to-drink tea, coffee, and
premium spirits categories. These include Coca-Cola, Coca-Cola Zero Sugar,
Fanta, Sprite, Schweppes, Kinley, Costa Coffee, Caffè Vergnano, Valser,
FuzeTea, Powerade, Cappy, Monster Energy, Finlandia Vodka, The Macallan, Jack
Daniel's and Grey Goose. We foster an open and inclusive work environment
amongst our 33,000 employees and believe that building a more positive
environmental impact is integral to our future growth. We rank among the top
sustainability performers in ESG benchmarks such as the Dow Jones
Sustainability Indices, CDP, MSCI ESG, FTSE4Good and ISS ESG.

 

Coca-Cola HBC has a premium listing on the London Stock Exchange (LSE: CCH)
and is listed on the Athens Exchange (ATHEX: EEE). For more information,
please visit https://www.coca-colahellenic.com
(https://urldefense.com/v3/__https:/www.coca-colahellenic.com/__;!!AV1iHekQR8s!NNEOD0M5u33zBPvXLCuLppyC62A9JDoc59DjPf0QZa2vInsIrropQzhkjrkO2N8k8-AM015xv1_wVoR15KgekiqxRE4grA$)
.

 

About BDS Vending Solutions

BDS Vending Solutions is a privately-held dedicated food and drink vending
services business that offers full-service vending solutions, including
machine sales, supply, operation, servicing and customer support services. BDS
Vending Solutions, founded in 1993 by David Mullan and Brian Berry, is based
in Dublin and primarily active in Ireland with minor operations in Northern
Ireland. It operates depots in Dublin, Cork, Galway, Sligo, Limerick and
Wexford.

 

BDS Vending Solutions sells a range of different products, including cold
beverages, hot beverages, snacks and a limited fresh food assortment. BDS
Vending Solutions provides vending services to customers operating across a
range of different channels including workplace, education, healthcare, sports
and leisure, and entertainment. In addition to its vending services offering,
BDS Vending Solutions is also active in providing contract catering services
to offices and other work environments.

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