Australian Beverages Ltd aims to list on the ASX with a business model to acquire and consolidate profitable, established bottling and beverage businesses. The Company has executed a binding agreement to acquire the business of leading independently-owned bottled-water manufacturing business Active Premium Beverages Pty Ltd in Sydney and is finalising a prospectus ahead of a planned IPO.
Active was Established in 2011 and is a leading supplier of 100% Australian-owned bottled drinking water products, headquartered in Western Sydney. It has an extensive portfolio of well-known retail brands plus significant private-brand operations, and a strong, stable customer base. It has current capacity to produce 35 million bottles of water per year annum from four packaging lines producing bottle sizes from 250ml up to 2l.
Customers and clients include:
The Company is securing IP protection for all its brands and logos. It is also committed to ESG best practice and aims to be carbon-neutral in 5 years
Australian bottled water manufacturing is a major market expected to achieve significant revenue growth over the next 5 years, and is forecast to grow at annualised rate of 1.3% to 2026-27, to US$700.6m*. The Australian market is currently dominated by Coca-Cola Europacific Partners and Asahi Holdings with a total market share of approximately 86%*. The remainder of the market is fragmented, offering the opportunity for consolidation and the emergence of another significant player.
Post-listing Australian Beverages intends to implement an acquisition and consolidation model to grow its market share and national footprint. Acquisition targets need to have scale-up ability, scope for improved efficiencies and be profitable with strong, stable customer books – initial target businesses have already been identified.