Campari on hunt for buys
Campari, the listed Italian alcoholic drinks manufacturer, is looking to make buys, company' CEO Bob Kunze-Concewitz said in an interview with La Stampa. Kunze-Concewitz said that as part of its general strategy, half of Campari's growth would come from acquisitions.
Kunze-Concewitz added that Campari is looking to buy brands and then build structures on those brands in order to achieve critical mass in markets such as the US, Eastern Europe and other European countries.
The report noted that Campari has up to EUR 500m to 600m to make purchases.
Source La Stampa