Netherland based Heineken is set to acquire Brasil Kirin for around €664 Mn ($708.72Mn). The transaction is expected to close in first half of 2017 after meeting up the customary regulatory approvals.
With this acquisition Heineken will become second largest beer company in Brazil.
Brasil Kirin is engaged in the production, wholesale, and retail sale of beverages in Brazil. Its portfolio of products includes beers, soft drinks, juices, energy drinks, and water. There are 13 Brasil Kirin factories/breweries around Brazil and 10 distribution centers.
The company was founded in 1939 and is based in Itu, Brazil. Brasil Kirin Holding operates as a subsidiary of Kirin Company.
Kirin Brewery was established in 1885, taking over the assets of the Spring Valley Brewery, first founded in Yokohama in 1869 by Norwegian-American brewer, William Copeland.
Kirin Company is an integrated beverages company. Kirin is a member of the Mitsubishi UFJ Financial Group (MUFJ) keiretsu.
Heineken is a Dutch brewing company, founded in 1864 by Gerard Adriaan Heineken in Amsterdam. As of 2017, Heineken owns over 165 breweries in more than 70 countries. It produces 250 international, regional, local and specialty beers and ciders and employs approximately 73,000 people.
With an annual beer production of 188.3 million hecto liters in 2015, and global revenues of 20,511 million Euros in 2015, Heineken is the number one brewer in Europe and one of the largest brewers by volume in the world.