CCU and Postobón have formed a 50-50 joint venture to invest USD $400 million in constructing a brewery in Colombia, aiming to enhance the country's beer market and generate thousands of jobs.

Target Information

CCU (Compañía Cervecerías Unidas S.A.), a prominent Chilean beverage company, has announced a strategic joint venture with Postobón, the leading non-alcoholic beverage producer in Colombia. This partnership aims to enhance and develop the craft beer sector in Colombia through the production, marketing, and distribution of both beers and malt-based non-alcoholic beverages. The joint venture will establish a new entity named Central Cervecera de Colombia S.A.S., with both CCU and Postobón holding equal stakes of 50%.

The venture involves an investment plan of approximately USD $400 million to be executed over three to four years. Central Cervecera de Colombia will construct a brewery, generating around 1,000 jobs during construction and up to 1,800 direct and indirect jobs once operational. The facility will be located in Sesquilé, just north of Bogotá.

Industry Overview

The Colombian beverage industry is characterized by its dynamic growth and diverse product offerings. Over the past few years, the sector has witnessed an increase in demand for craft and premium beers, reflecting changing