Danish brewer Carlsberg said on Monday it will buy Germany's Wernesgrüner Brewery from Bitburger Braugruppe for an undisclosed price.
"The acquisition of the Wernesgrüner Brewery will strengthen our position in our core regions of northern and eastern Germany," Chief Executive Cees t' Hart said.
In 2019, Wernesgrüner had a production volume of around 0.5 million hectolitres and a revenue of €31 million euros ($36.6 million), Carlsberg said.
The transaction, subject to clearance from competition authorities, is expected to be completed on 1 January, 2021.
News by Reuters edited by Donna Ahern, Checkout. Click subscribe to sign up for the Checkout print edition.
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