Magners manufacturer sells off distribution arm
Irish drinks manufacturer and distributor C&C Grouphas sold its distribution arm for €9.6 million (£76 million). TextIrish drinks manufacturer and distributor C&C Group has sold its distribution arm for €9.6 million (£76 million).
Irish drinks manufacturer and distributor C&C Grouphas sold its distribution arm for €9.6 million (£76 million).
The manufacturer of Bulmers and Magners ciders has sold FindlaterGrants, one of Ireland's biggest drinks distributors, to business support services group DCC plc.
Maurice Pratt, chief executive of C&C, said: "The Board of C&C is pleased to announce this transaction with DCC and believes it is in the best interests of C&C's shareholders, the FindlaterGrants employees and the brands it distributes."
C&C recently issued a trading statement warning that bad weather conditions and the economic downturn were slowing down sales. It said proceeds of the sale would be used for general corporate purposes. Last year C&C sold off its soft drinks division to Britvic in a £170 million deal.
Keywords:
Search
56-58 Church Walk, Burgess Hill, West Sussex, RH15 9AN
Registered in England No. 6646125. VAT No. 938 4452 95
