SABMiller to acquire Russian brewer; Chicago-based Burger King franchise acquires four Kenosha restaurants
SABMiller to acquire Russian brewer
SABMiller plc, the parent company of Milwaukee-based Miller Brewing Co., has agreed to acquire the Russian brewer LLC Vladpivo. Vladpivo, the largest brewer in the Russian far east Primorie region, is located near the city of Vladivostok. The value of the gross assets to be acquired is approximately $69 million. The Russian Far East represents approximately 7.6 percent of the Russian beer market and is projected to grow faster than the total Russian beer market from 2007 to 2013. James Wilson, managing director of SABMiller RUS, said, "The acquisition of Vladpivo complements our existing capability and will allow us to expand the presence of our worthmore brands, by providing us with a more competitive logistics configuration and better access to our consumers in this important and attractive region." Vladpivo will become SABMiller’s third production facility in the country, in addition to its main brewery in Kaluga and the site in Ulyanovsk which is currently under construction and expected to be commissioned in early 2009.
Chicago-based Burger King franchise acquires four Kenosha restaurants
C.H. James Restaurant Holdings, LLC, a Chicago-based Burger King franchisee, recently acquired four existing restaurants in Kenosha. Charles H. “Chuck” James III, CEO of C.H. James Restaurant Holdings, owns 48 Burger King restaurants and planned restaurants. The franchise plans to open two additional locations in metro Chicago this year.