Swire Pacific to Buy Distribution and Production Assets in the U.S. Pacific Northwest for US$170.1 Million
October 31 2016 - 1:05AM
Dow Jones News
By Chester Yung
HONG KONG--Swire Pacific Ltd. (0019.HK) said Monday that it has
agreed to buy distribution and production assets in the U.S.
Pacific Northwest for about US$170.1 million, in a bid to boost the
firm's beverage business there.
The Hong Kong-listed conglomerate said it agreed to buy the
assets, which are in or relate to the states of Washington, Oregon
and Idaho, from Coca-Cola Refreshments USA Inc. and BCI Coca-Cola
Bottling Company of Los Angeles.
The deal is expected to be completed in 2017, Swire Pacific said
in the statement, adding that the consideration of the acquisition
is subject to adjustment.
Write to Chester Yung at chester.yung@wsj.com
(END) Dow Jones Newswires
October 31, 2016 00:50 ET (04:50 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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