Royal Unibrew A/S (CPSE:RBREW) signed an agreement to acquire Birreria Pedavena from Birra Castello S.p.A. on July 21, 2023. As a part of transaction, While the plant in San Giorgio di Nogaro will be sold, the second brewery in Padavena will remain with Birra Castello and will be upgraded to allow production of the company?s brands. Royal Unibrew expects to takecontrol of the facility later this year.

The sale is not expected to have any negative impact on employment, which is a crucial element for the agreement's success. As a result of the transaction, there will be increased investments in innovation and development at the remaining Pedavena plant, allowing for a stronger focus on distributing the group's brands, which have consistently shown sales growth.