Slovenian mineral water producer Radenska has completed the acquisition of Studenac from Croatian food company Podravka.
As a result of the transaction, the company now has a 100% stake in the mineral water producer.
The transaction also includes the transfer of all Podravka protected trademarks applied to the beverage products program.
Radenska and Podravka signed the purchase contract on 20 September, but didn't reveal the cost of the transaction. According to unofficial sources, the deal is worth €9 million.
The portfolio of the Slovenian company now includes natural mineral water Studenac, natural spring water Studena and the Lero syrups.
Radenska is part of the Kofola Ceskoslovensko group, one of Europe's leading manufacturers and distributors of non-alcoholic beverages, with seven bottling plants in Slovakia, the Czech Republic, Slovenia, Croatia and Poland.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.