WT Foods PLC
26 October 2000
WT FOODS plc
WT Foods plc has acquired Marketing and Advertising Partnership Limited and
Marlin House Trading Company Limited for a cash consideration of £2.75
million. The companies import, and have manufactured under licence, Caribbean
soft drinks and beers, principally under the D & G and Dragon brand names for
which they have the UK rights.
The last audited results for the 12 months to November 1999 for the two
businesses combined showed £650,000 pre tax profits before Directors costs.
There was no value attributed to the assets of the companies.
The Directors of WT believe this strategic acquisition will enhance the
Group's position within the Caribbean drinks market and that it will enhance
earnings in the next full financial year.
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For further information please contact:
Keith Stott, Chief Executive WT Foods plc 01707 261770
Rod Garland, Finance Director WT Foods plc 01707 261770
Charles Ryland Buchanan Communications 0207 466 5000