we wanted to be in control of developments within our own company Family within our own company." Heineken Espana wasted no time moaning about the measures but set to work energetically. The government's deadlines were amply met, as the (Cruzcampo) breweries in Madrid and Valencia were already sold in June 2001. Several months after the decision by the Spanish authorities the relevant licensing agreements had also been terminated. Spanish beer industry watchers were not really surprised when it was announced that the 100-year-old El Aguila was going to merge with the 96-year-old Cruzcampo. Carlos de Jaureguizar points to many similarities in the history of the two breweries. "El Aguila was established in Madrid in 1900 and was later expanded through the addition of breweries in Valencia, Zaragoza, etc. Cruzcampo was founded in 1904 in Seville and, just like El Aguila, it sought to expand by adding new breweries to the business. Another similarity is that both of them were formerly family-owned businesses which were subsequently taken over by international brewery groups." And yet there are also differences between the two breweries. For many years El Aguila presented a real challenge to Heineken. They were confronted with a shrinking market and, despite various reorganisations and restructuring operations, it took many years before the brewery succeeded in becoming profitable. Cruzcampo - thanks to its very strong position amongst beer drinkers within the Seville-Cadiz-Huelva triangle in south-west Spain - had been a highly profitable operation for many decades. For El Aguila the turnaround came at the end of the 1990s. "Within El Aguila a winning spirit arose again. We had Heineken, which was developing healthily in the premium segment and also the Aguila Amstel brand, which again started growing after remaining static for many years," says commercial director José Manuel del Olmo. In 1998, the many years of efforts started to show through in the form of good profit figures. Everyone in the organisation was delighted: for the first time in a lengthy period El Aguila was in the black. PAGE 17

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World of Heineken | 2001 | | pagina 17