Heineken Acquires Ownership Of UBL
To ensure that its fruit processing facility in the UK is resourced effectively
Heineken, a Dutch beer company, has said that it currently holds ownership of Universal Beverages (UBL), a joint venture between Scottish and Newcastle UK and Q Group, following the purchase of shares from Q Holdings for an undisclosed sum, reported Ledbury Reporter.
UBL, with its fruit milling equipment, provides packaging and warehouse distribution services to the drinks industry.
Ledbury Reporter quoted Chris Newall, operations director of Hieneken, as saying: “This structure provided the best possible expertise to ensure that a complex project to build the largest fruit processing facility in the UK, along with fermentation and packaging, was resourced effectively.
“As we move away from site development to focusing on day-to-day operations, we have taken time to review our structure and have agreed with Q Group that it is now appropriate for us to take UBL into full ownership.”
According to him, the company would remain a stand-alone business, providing services to drinks producers across the UK, including Heineken. Earlier, Heineken and Q Holdings each had 50% ownership in UBL.