Carlsberg has disposed of its France-based distribution subsidiary, Soredis, through a management buyout.
Carlsberg’s French unit, Kronenbourg, acquired Soredis in 2009 and its sale, for an undisclosed sum, is the brewer’s latest attempt to move out of distribution activities.
The MBO was led by the president of Soredis, Fran?ois Guy, the grandson of the company’s founder. Under its new ownership, Soredis is looking to double in size over the next five years while maintaining its level of profitability.
Based in north-east France, Soredis has an annual turnover of EUR70m (US$98.7m) and employs 235 staff at ten facilities. It specialises in serving the HORECA channel.