Mendocino Brewing Company acquires United Breweries International (UK) Limited
Mendocino Brewing Company, Ukiah, CA/USA, announced Mid of August that it has acquired United Breweries International (UK) Limited, (UBSN) a British corporation, along with its wholly-owned operating subsidiary UBSN Ltd. in exchange for 5,500,000 shares of Mendocino’s common stock.
UBSN was formed in August of 1989 and is the sole distributor of Kingfisher Premium Lager Beer (“Kingfisher”) in the U.K., Ireland, Continental Europe, the United States and Canada. The business is reported to be profitable with revenues for the year ending December 31, 2000 of 12,643,600 USD and Net Income for the same period of $ 411,900 USD. The Kingfisher brand is sold primarily to Indian restaurants.
Kingfisher is an international brand currently distributed in over 40 countries..
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