Mineralbrunnen Uberkingen Teinach

What Mineralbrunnen Uberkingen Teinach does

Mineralbrunnen Überkingen-Teinach GmbH & Co. KGaA is a publicly listed German regional beverage holding company (Frankfurt ticker MUT/MUT3) headquartered in Bad Teinach-Zavelstein, Baden-Württemberg, with roots dating to the 16th century and corporate founding in 1923. The company produces and markets non-alcoholic beverages — mineral water, healing water, fruit juices, refreshment drinks, lemonades, iced teas, and ready-to-drink cocktails — across four production sites: Bad Teinach-Zavelstein, Kißlegg, Lauterecken, and Merzig. Its brand portfolio comprises regional anchors Teinacher, Krumbach, Hirschquelle, and Kisslegger Allgäuquelle (sold primarily in South and Southwest Germany) and national specialty brands afri, Bluna, Vaihinger, Klindworth, Merziger, Lindavia, and Cocktail Plant (positioned for food service and gastronomy). The company holds sector certifications including IFS Food, SGF International, Fairtrade, EU Bio-Seal, ISO 9001, ISO 14001, and ISO 50001 (the latter achieved in 2012 as the first mineral water company in Germany).

The business operates as a sales-led regional brand company, distributing through three channels: food retail (Lebensmitteleinzelhandel), beverage wholesale trade (Getränkefachgroßhandel), and direct sales into gastronomy and hospitality. Revenue is generated almost entirely through one-time branded product sales at the upper end of the price segment, with no disclosed subscription or licensing model. Karlsberg International Getränkemanagement GmbH serves as the personally liable partner (Komplementär), linking the company operationally to the broader Karlsberg group, which historically held a majority stake through 2018. FY2025 gross revenue reached €193.3 million — the fifth consecutive year of growth — with EBITDA of €20.0 million, EBIT of €8.3 million, net income of €6.5 million, an equity ratio of 49.7%, and an average headcount of 387. Market capitalization stood at €127.87 million as of December 31, 2025.

The corporate strategy has emphasized portfolio focus: divestitures of Güstrower Schlossquell (2007) and Fachingen (2011) were offset by the 2008 acquisition of Tucano Holding GmbH, which added the fruit juice and refreshment portfolio. A 2010 spin-off restructured spring operations into wholly-owned subsidiaries, and a 2018 minority investment in siro Production GmbH added digital/online sales capabilities. The company is currently managing an ongoing investigation into alleged commercial fraud at subsidiary Niehoffs Vaihinger Fruchtsaft GmbH related to non-occurring transport services, with initial estimates of resulting tax repayment liabilities in the low single-digit million euro range.

Name

Mineralbrunnen Uberkingen Teinach

Legal name

Mineralbrunnen Überkingen-Teinach GmbH & Co. KGaA

Website

https://mineralbrunnen-kgaa.de

Company type

Public

Founded year

1923

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Non-Alcoholic Beverages

NAICS

Bottled Water Manufacturing (312112), Beverage Manufacturing (3121), Soft Drink Manufacturing (312111), Soft Drink and Ice Manufacturing (31211)

SIC

Bottled & Canned Soft Drinks & Carbonated Waters (2086), Beverages (2080)

akta.pro primary industry

Non-Alcoholic Beverage Bottling/Canning & Packaging Operations (AFAFABAO)

akta.pro secondary industries

Non-Carbonated Soft Drinks (Juice Drinks, Lemonades, Fruit Drinks) (CRADAHAB), Alcoholic Beverage Mixers & Cocktail Ingredients Brands (Non-alcoholic) (CRADAIAH), Beverage Wholesale Distribution (Non-Alcoholic) (CRAOAAAH)

Keywords

• Mineral water bottling
• Non-alcoholic beverages
• Fruit juice production
• Refreshment beverages
• Regional beverage brands

Headquarters

HQ city

Bad Teinach-zavelstein

HQ country

Germany

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Beverage Product Sales: Sale of branded mineral water, spring water, healing water, fruit juices, refreshment beverages, lemonades, iced teas, and ready-to-drink cocktails through wholesale, retail, and food service channels.

Go-to-market motion1 record

Distribution channels3 records

Core offering

The company produces and markets bottled non-alcoholic beverages — natural mineral water, healing water, fruit juices, refreshment beverages, lemonades, iced teas, and ready-to-drink cocktails — under both regional South/Southwest German brands and national specialty brands for the food service sector. Production takes place at four company-owned sites and the portfolio is sold through food retail chains, beverage wholesalers, and the gastronomy and hospitality sector.

Product overview

Mineralbrunnen Überkingen-Teinach is a regional-focused brand company in the non-alcoholic beverage market, operating as a holding company with four production facilities (Bad Teinach, Kißlegg, Lauterecken, and Merzig). The company offers a comprehensive brand and product portfolio comprising regional mineral and healing waters (Teinacher, Krumbach, Hirschquelle, Kisslegger Allgäuquelle), refreshment and soft drinks (afri, Bluna, Teinacher Limo, Teinacher Genuss-Limonade, Krumbach Limonaden), fruit juices (Vaihinger, Klindworth, Merziger, Lindavia), and ready-to-drink cocktails (Cocktail Plant). The portfolio includes established regional brands in southern and southwestern Germany as well as national restaurant and specialty brands, with positioning in the upper price segment.

Differentiator

Problem solved

Functional benefit

Brands

• Teinacher: Mineral water and healing water brand; Teinacher Direct fruit juice spritzers, iced teas, lemonades and specialty beverages produced at Bad Teinach-Zavelstein
• Krumbach
• Kisslegger Allgäuquelle
• Hirschquelle
• afri
• Bluna
• Vaihinger
• Klindworth
• Merziger
• Lindavia
• Cocktail Plant
• Teinacher Limo
• Teinacher Genuss-Limonade

Products and services

• Teinacher Mineral water brand from Bad Teinach-Zavelstein in the Black Forest, including Teinacher Direktsaftschorlen (direct juice spritzers), iced teas, soft drinks, and premium lemonades (Teinacher Limo, Teinacher Genuss-Limonade).
• Krumbach Mineral water brand from Kißlegg in the Allgäu region, including Krumbach Limonaden (lemonades) and refreshment beverages.
• Hirschquelle Heilwasser (healing water) brand from the Teinach region, positioned as a health-oriented mineral water.
• Kisslegger Allgäuquelle Mineral water from Kißlegg in the Allgäu region, bottled at the Krumbach facility.
• afri National refreshment beverage / soda brand, part of the company's portfolio of carbonated drinks, positioned as a national gastronomy brand.
• Bluna National refreshment beverage brand featuring fruit-flavored carbonated drinks.
• Vaihinger Fruit juice brand producing fruit juices and fruit juice variants, produced at the Lauterecken facility; includes Fairtrade-certified orange juice.
• Klindworth Fruit juice brand specializing in fruit juices produced at the Lauterecken facility.
• Merziger Fruit juice brand from the Merzig location, including products made from the company's own press facility processing regional apples and pears.
• Lindavia Fruit juice brand included in the company's fruit juice portfolio, produced at Lauterecken.
• Cocktail Plant Ready-to-drink cocktail and long drink brand producing pre-mixed cocktail beverages.

Quantifiable outcome

• Five consecutive years of revenue growth through 2025

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered minor and core.

• siro Production GmbHminorOthers · 1 January 201840% minority stake acquired with effect from January 1, 2018. siro Production GmbH is an agency for graphic production located in Neunkirchen (Saarland), offering classical agency business, advertising material production, storage of advertising materials, logistics services, shipping of advertising materials, and operating online shops. The acquisition strengthened the group's sales and online competence.
• Karlsberg Connect & Sales GmbHcoreOthers · 31 December 201145% stake held since end of 2011. The company belongs to Karlsberg Holding GmbH and is located in Homburg, Saarland. It offers IT services tailored to the beverage industry and provides services for the group in areas of IT, human resources, communication, accounting, treasury, taxes, purchasing, and legal and contract matters.
• Tucano Holding GmbH (Acquisition)coreOthers · 13 December 2007Acquired through Mineralbrunnen Überkingen-Teinach Beteiligungs GmbH on December 13, 2007 with effect from January 1, 2008. Tucano Holding GmbH included Merziger Fruchtgetränke GmbH, Niehoffs Vaihinger Fruchtsäfte GmbH, Klindworth Fruchtsäfte GmbH, and Tucano Vertriebs GmbH & Co. KG. The acquisition expanded the group's fruit juice and refreshment beverage portfolio.

Scale indicators8 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• Adelholzener Alpenquellen GmbH: Bavarian mineral water and beverage bottler producing branded mineral waters, fruit juices and soft drinks under the Adelholzener and Active brands; comparable regional premium bottler with similar brand portfolio structure and food retail exposure.
• Gerolsteiner Brunnen GmbH & Co. KG: Germany's leading mineral water brand, headquartered in the Volcanic Eifel; directly comparable as a German mineral water bottler with a multi-brand portfolio (Gerolsteiner, St. Gero) and national food retail and food-service distribution.
• Hassia Mineralquellen GmbH & Co. KG: Hessian mineral water bottler producing branded mineral waters (Hassia, Bonaqa, ElisabethenQuelle) and juices/spritzers; directly comparable mid-sized German bottler with multi-brand regional positioning and similar food retail/gastronomy channel mix.
• Sinalco Deutschland GmbH: German soft drink brand company producing cola, lemonades and refreshment beverages, including the Fachingen healing water brand acquired from Mineralbrunnen in 2011; comparable as a mid-sized German beverage brand company with food retail and food-service distribution.
• Vaihinger Fruchtsaft (within Mineralbrunnen) / Klindworth / Merziger: Not applicable - these are Mineralbrunnen's own brands.
• Rhönsprudel Mineralbrunnen GmbH & Co. KG: German regional mineral water brand from the Rhön region producing branded mineral waters and beverages; closely comparable as a mid-sized German mineral water CPG with food retail and gastronomy channels.

Broad incumbents

• Refresco Group N.V. Europe's largest independent bottler of soft drinks and juices, including private label and branded juices, mineral waters and RTDs; comparable as a much larger beverage manufacturing and bottling platform operating across multiple categories relevant to Mineralbrunnen.
• Coca-Cola Europacific Partners plc: Largest bottler and distributor of Coca-Cola brands in Western Europe including Germany, producing CSDs, juices, waters and RTDs; comparable as the dominant incumbent in German soft drink retail and food service against which Mineralbrunnen's brands compete for shelf and tap space.
• Danone Waters (Volvic, Evian): Global bottled water and beverage major with strong German presence via Volvic and other brands; comparable as a much larger incumbent in the bottled water and soft drinks categories in which Mineralbrunnen competes.

Others

• Karlsberg Brauerei KG Weber: German regional brewer historically linked to Mineralbrunnen via shared Karlsberg group ownership and continued affiliation through Karlsberg International Getränkemanagement GmbH (the KGaA's general partner); relevant as an ecosystem participant sharing beverage distribution and IT service infrastructure rather than as a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mineralbrunnen-berkingen-teinach-ag

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mineralbrunnen Uberkingen Teinach