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Carlsberg Bulgaria runs two breweries in the country and controls 16% of the local market. Photo by www.carlsberggroup.com
Brewing company Carlsberg Bulgaria will expand its production in the Blagoevgrad region, after it bought the municipally-owned bread and bakery products maker Hlyab I Hlebni Izdeliya in the southwestern town.
The sale price has been set at BGN 2,309,001.
In a letter to mayor Kostadin Paskalev, the company said it plans to shut down four of its facilities on the Balkans and pour investments into their Blagoevgrad capacity instead.
Carlsberg Bulgaria runs two breweries in the country, the other being in the northern city of Shumen. It controls 16% of the local market.
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The company Carlsberg Bulgaria currently ranks second on the Bulgarian beer market, after Zagorka AD, and ahead of Kamenitza AD.
The Bulgarian beer market in 2009 has collapsed by 12% in comparison with consumption in 2008.
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