Kofola announced its plan to purchase a 49% stake in Alta Fermentación. Alta Fermentación owns three microbreweries, a coffee roastery, and a rum distillery in Latin American countries, including Panama, Ecuador, and Colombia. Alta Fermentación also operates a network of pubs and cafés.

The transaction price will not be disclosed. Completion is expected in the first half of this year.

The acquired company is expected to generate revenues of over USD20m and EBITDA of over USD4m (2025). This corresponds to approximately 4% of Kofola's total revenue and about 4.5% of its EBITDA. Therefore, it is a relatively small acquisition.

Kofola is already present in Colombia and Panama, where it has purchased coffee plantations. We expect Kofola to achieve synergies in its Latin American operations.

Autor: Bohumil Trampota