Confident Duvel On Acquisition Trail, Looking To Exploit Trend Towards Speciality Beers

Belgian brewer Duvel Moortgat has aquired rival independent brewer Brouwerij De Koninck for EUR30mn. De Koninck will complement Duvel's portfolio of speciality beer brands and the move underlines the financial strength of Duvel, which has performed well during the downturn and has posted steady revenue growth. The strong performance comes at a time when beer sales in many of the company's key markets are declining, underlining the strength of its speciality brands, which have gained market share in line with a wider trend towards heritage and craft beers across developed markets.

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