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13 June, 2007
Germany: Warsteiner buys Herforder for undisclosed sum
German brewery Warsteiner is acquiring its rival Herforder Brauerei effective July 1 for an undisclosed sum, according to Handelsblatt, citing the two companies, AFX News Limited reported June 12.
The report, citing sources, said the price could be a low two-digit million euro figure because the acquisition includes all of Herforder's debts as well as a guarantee to retain the brand name 'Herforder'.
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This article is courtesy of E-malt.com, the global information source for the brewing and malting industry professionals.
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