In the course of a succession arrangement for the owners of Swiss Drinks Ltd. (Obermeilen), Bischofszell Nahrungsmittel AG (BINA) has acquired the operations of the company through an asset deal. All employees will retain their positions and operations will continue at the existing location. Financial details of this transaction have not been disclosed.
BINA was founded 1909 and is part of the industry portfolio of the leading Swiss retail chain Migros. According to the agreement, the real estate will remain with Swiss Drinks Ltd. The company is expecting synergies with its other existing facilities with a positive impact on the business' flexibility.
Founded in 1918, Swiss Drinks Ltd. (Obermeilen) produces fruit additives, base materials for drinks and flavors for the food and beverage industry.
Oaklins' team in Switzerland assisted the buyer throughout the entire process, including valuation of synergies, due diligence and negotiations.
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