Carlsberg Sells German Brewery
The Carlsberg Group has sold its Feldschlosschen brewery in Dresden, Germany, to Frankfurter Brauhaus. The disposal is part of Carlsberg Deutschland’s strategy of focusing on five core brands in Northern Germany – Carlsberg, Holsten, Lubzer, Duckstein and Astra.
Frankfurter Brauhaus has taken over the responsibility for the 172 employees at the Feldschlosschen brewery and within logistics and sales support. As part of the transaction, Carlsberg Deutschland has signed co-operation agreements with Frankfurter Brauhaus regarding ongoing logistics and sales support in the Dresden area. The Dresden brewery has a total annual capacity of 1.9m hectolitres.
The disposal results in a total non-cash loss of approximately DKr130m which will be included in Carlsberg’s special items for 2010. The loss is not included in the 2010 earnings expectations of net profit growth at around 40%. The Carlsberg Group has received the cash proceeds from the disposal in 2011.
