Coca-Cola

Aujan Coca-Cola Beverages Company (ACCBC) has completed the purchase of a majority stake in National Beverage Company (NBC).

The move is in line with the company’s commitment to invest in beverages for long term growth, and the company looks forward to developing and growing this business over time.

ACCBC has acquired the stake from consumer products distributor Transmed, under the terms of the agreement.

Transmed is said to have a share in the Lebanese distributor of Coca-Cola and Pampa products.

The acquisition, which was originally announced in January 2014, is expected to leverage long term direct investment into Lebanon and NBC.

"The acquisition, which was originally announced in January 2014, is expected to leverage long term direct investment into Lebanon and NBC."

ACCBC CEO Nicolaas Nusmeier said, "ACCBC has seen consistent growth in virtually all of our markets over a long period, and we plan to replicate this performance with NBC by focusing on increasing its market share within Lebanon."

Aujan, which is a licenced manufacturer of Vimto in the Middle East, operates two manufacturing facilities in Dammam, Saudi Arabia, and Dubai, UAE at present.

The company manufactures brands including Refreshments products and non-alcoholic malt beverage Barbican.

Image: Aujan Coca-Cola Beverages acquires the stake from Transmed. Photo: courtesy of tiverylucky/FreeDigitalPhotos.net.