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Mattoni 1873 Completes Acquisition of Knjaz Miloš for €90 Million

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Mattoni 1873, the titan of mineral water and non-alcoholic beverages in Central Europe, has just elevated its portfolio by acquiring the remaining 46.43% stake from PepsiCo, thus taking full ownership of Knjaz Miloš for nearly €90 million.

The group’s empire spans eight countries, with 3,400 employees, 11 production sites, and an impressive roster of 39 brands including the likes of Magnesia and Waldquelle. Notably, in 2023, Mattoni 1873 sold almost 2 billion bottles across its markets, solidifying its position as a behemoth in the beverage industry.

Marko Stanković, CEO of Knjaz Miloš, expressed his optimism about the future, emphasizing the group’s strong foundation and continued success. “With the backing of the robust Mattoni Group, we are set to further cement Knjaz Miloš’s status as a leading producer in the Western Balkans,” he remarked.

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The rich history of Mattoni 1873 dates back to 1873 with founder Heinrich Mattoni near Karlovy Vary and saw a resurgence in the 1990s thanks to substantial investments from the Italian Pasquale family, heralding a new era of growth and innovation.

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