Statement re Acquisition and Date of FY 2014 Re...
Statement re Acquisition and Date of FY 2014 Results
C&C Group PLC
Acquisition of Wallaces Express in Scotland
Further progress towards development of multi-beverage operating model
2014 FY Results to issue on 20 May 2014
CCR.I CCR.L
Dublin, London, 18 March, 2014: C&C Group plc (“C&C†or the “Groupâ€), a manufacturer, marketer and distributor of branded cider and beer, announces that it has acquired the outstanding 50% share of Wallaces Express that it did not already own. C&C acquired an initial 50% stake in Wallaces Express in March 2013.
Wallaces Express is Scotland’s largest wine and spirits wholesaler. The acquisition is consistent with C&C’s strategy to develop a multi-beverage operating model in Scotland.
C&C also announces that, further to the announcement of 27 February, the Group will issue its results for the year ended 28 February, 2014 on Tuesday 20 May, 2014.
ENDS
About C&C Group plc
C&C Group plc is a manufacturer, marketer and distributor of branded cider and beer. The Group manufactures Bulmers, the leading Irish cider brand, Magners, the premium international cider brand, Gaymers cider and the Shepton Mallet Cider Mill range of English ciders and the Tennent's beer brand. C&C Group also owns Woodchuck and Hornsby’s, two of the leading craft cider brands in the United States. The Group’s Irish wholesaling subsidiary, Gleeson Group, manufactures Tipperary Water and Finches soft drinks. The Group also distributes a number of beer brands in the Scottish, Irish and Northern Irish markets. www.candcgroupplc.ie
About Wallaces Express
Wallaces Express is Scotland’s largest independent wines and spirits wholesaler supplying the licensed trade throughout much of central and south west Scotland, the Borders and Cumbria, as well as the Inverness and the Aberdeen areas. Employing 296 staff, the business was established in Ayr in 1875 as a retailer and then evolved in the mid 1980’s into a drinks wholesaler. Wallaces Express is a complete supplier to the licensed on-trade, including wines and spirits, soft drinks, packaged and draught beer, glassware and snacks, with six distribution depots in Scotland (Irvine, Coatbridge, Dumfries, Lanark, Kintore and Inverness). www.wallacesexpress.com
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