Baker McKenzie has advised Kofola CeskoSlovensko on its acquisition of Karlovarska Korunni and Ondrasovka food and beverage companies.
Kofola is a soft drink producer with production facilities in the Czech Republic, Slovakia, Slovenia, Croatia, and Poland. The company has almost 2,200 employees, and its sales last year reached CZK 6.4 billion.
Karlovarska Korunni, which was founded in 1878, bottles and sells Korunni mineral water. It is the third highest selling brand of bottled water in Czech Republic and the second in Slovakia. Ondrasovka is a food & beverage company based in Prague. Together, the two companies generated revenues of CZK 850 million in 2019.
The Baker McKenzie team was led by Partner Libor Basl and included Senior Associate Lukas Hron.