DKSH has acquired the beverage business of Davies Foods in New Zealand to enhance its product portfolio and distribution capabilities in a growing market.
Information on the Target
Davies Foods, established in 1984, is a notable player in the New Zealand beverage sector, offering a diverse range of products including energy drinks, sports beverages, soft drinks, and bottled water. With annual net sales exceeding three million Swiss francs, the company has demonstrated solid profitability within its operations. The acquisition of Davies Foods' beverage business by DKSH presents an opportunity to integrate these popular products into DKSH's existing portfolio in New Zealand, enhancing their market presence.
Industry Overview in New Zealand
The beverage industry in New Zealand is characterized by a growing demand for diverse and innovative drink options, reflecting a shift in consumer preferences toward healthy and functional beverages. The market is increasingly competitive, with both local and international brands striving to capture consumer interest through effective marketing and distribution strategies.
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New Zealand's beverage sector is largely driven by trends in health-conscious consumption, prompting an increase in sales of low-sugar, organic, and natural product lines. Addition
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DKSH
invested in
Davies Foods' beverage business
in 2018
in a Buyout deal
Disclosed details
Revenue: $3M