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Kofola seeks further acquisitions in central Europe

DBR Staff Writer Published 12 June 2015

Soft drinks manufacturer Kofola ČeskoSlovensko has announced plans for further acquisitions with primary focus on central Europe.

The latest announcement follows the company's acquisition of Radenska, a Slovenian producer of mineral water producer earlier in 2015, reports Reuters.

Kofola chief financial officer Daniel Burys told Reuters that it has the capacity to acquire another two or three companies.

The company plans to expand its portfolio with the acquisition of either a Czech or Slovak mineral water brand and is unlikely to acquire companies that are located outside the region. Most of the sales of Kofola, which has a stock market capitalization of $240.2m, are in the Czech and Slovak markets.

In 2014, Kofola reported earnings before interest, tax, depreciation and amortization (EBITDA) of PLN 139m ($38m) and a net profit of PLN37.3m ($10m).

Earlier in 2015, the company announced its plans to shift its headquarters back to the Czech Republic.

Part of the Kofola Group, the company produces non-alcoholic drinks from its eight production plants serving five markets across Central and Eastern Europe. In 2008, it merged with Hoop in Poland.

The company also produces and distributes RC Cola, Orangina and Pickwick, under a license.