Heineken has bought a majority stake in Spanish craft brewer La Cibeles as it aims to boost the brand’s distribution and export capacity.
In a statement, Heineken said the management of La Cibeles will retain its independence. The deal will also see Madrid-based La Cibeles expand its facilities.
Heineken – which owns brands such as Amstel, Tecate and Cruzcampo – said the acquisition will ensure the growth of La Cibeles, “maintaining the craft and unique character of the brand”.
La Cibeles was founded in 2011 by David Castro and is located in Leganés, on the outskirts of Madrid.
Last year, Heineken announced an investment of €6.4 million to expand its site in Jaén, Spain, enabling the production of canned Cruzcampo and Amstel beers. Alongside Jaén, Heineken also has Spanish plants in Sevilla, Madrid and Valencia.
The acquisition follows on from a series of beer deals by the Dutch firm this year, including the acquisition of minority stakes in Beavertown and Belize Brewing Company.
In its most recent quarterly results, Heineken saw consolidated beer volumes rise across all four of its operating regions. Beer volume growth in Europe, Heineken’s largest market, rose 2.2%, thanks in part to warmer weather over the summer.
© FoodBev Media Ltd 2019