Acquisition and Trading Update
Summary by AI BETAClose X
LEI: 635400LNUHA2LDXXV850
11 September 2026
C&C Group plc
('C&C' or 'the Group')
Acquisition and Trading Update
Acquisition of Asahi UK's wholesale businesses
C&C Group plc announces today that it has reached an agreement with Asahi UK to acquire all of its UK wholesale interests for nominal consideration, with the transaction perimeter comprising Nectar Imports Ltd and the direct distribution operations of Asahi UK. Post completion the businesses will be fully integrated into the Group's Matthew Clark Bibendum (MCB) operations. In addition, MCB will enter into a long-term business partnership associated with Asahi brands in the UK.
The Group will assume all customer and supplier relationships and agreements alongside the intellectual property, a leased depot, and certain assets including vehicles and stock.
The acquisition represents an attractive opportunity to structurally grow the MCB business whilst providing the acquired customer base with immediate access to the service and extensive range of the MCB proposition. The agreement also includes the full transfer of supply arrangements to the prestigious Fuller, Smith & Turner on-trade estate.
Terms have been agreed, with completion due in early October, after which a structured programme of customer transfer will take place, migrating customers across to MCB's operational, commercial and supply chain infrastructure.
Roger White, Chief Executive Officer of C&C Group, commented:
"This move represents an attractive opportunity to provide a significant number of new customers with MCB market leading service and range proposition whilst simultaneously delivering immediate scale and efficiency into the Group's operations, in line with our strategy. We expect the majority of the customer and supplier transitions to be completed in the coming weeks, and for the acquisition to make a small positive contribution to the overall financial performance of MCB in FY27."
Trading Update
Trading in the six months to 31 August 2026 has been in line with expectations. Net Revenues were 3%* below last year, reflecting growth of 2%* in Branded revenues offset by decline of 4%* in Distribution revenues.
Branded revenue growth was supported by continued momentum in our core Tennent's and Bulmers brands, favourable weather and targeted marketing activity around the World Cup period. In addition, our Premium portfolio has grown as we build distribution, and we saw a particularly strong contribution from the Innis & Gunn brand now under the Group's full ownership.
In Distribution, the revenue decline was principally driven by the planned exit of some lower margin customer business, combined with the continued impact of on-going market decline in outlet numbers and certain drinks categories.
Underlying operating profit for the first half is anticipated to be in the range of €43-44m, in line with our expectations. We remain on track to achieve full year operating profit in line with market expectations, albeit noting that the market conditions remain volatile and we have the important Christmas trading period ahead of us.
We look forward to sharing more about the Group's strategy at the Capital Markets Day on 24 September 2026. The Group's interim results will be announced on 28 October 2026.
* Constant currency basis
ENQUIRIES
C&C Group plc
Email: investor.relations@candcgroup.ie
Investors, Analysts & UK Media:
Team Lewis
Justine Warren
Tel: 07785 555692
Email: candccapmkts@teamlewis.com
Irish Media
FTI Consulting
Jonathan Neilan / Paddy Berkery
Tel: +353 86 231 4135 / +353 86 602 5988
Email: C&CGroup@fticonsulting.com
C&C Group plc
About C&C Group plc
C&C Group plc is a leading, vertically integrated premium drinks company which manufactures, markets, and distributes branded beer, cider, wine, spirits, and soft drinks across the UK and Ireland.
· C&C Group's portfolio of owned/exclusive brands include Bulmers, the leading Irish cider brand and Tennent's, the leading Scottish beer brand; as well as a range of fast-growing, premium and craft ciders and beers, such as Heverlee, Menabrea, Five Lamps, Innis & Gunn and Orchard Pig. C&C exports its Magners and Tennent's brands to over 40 countries worldwide.
· C&C Group has owned brand and contract manufacturing/packing operations in Co.Tipperary, Ireland and Glasgow, Scotland.
· C&C is the No.1 drinks distributor to the UK and Ireland hospitality sectors. Operating through the Matthew Clark Bibendum, Tennent's and Bulmers Ireland brands, the Group has a market leading range, scale and reach including an intimate understanding of the markets it serves. Together this provides a key route-to-market for major international beverage companies.
C&C Group plc is an Irish incorporated company headquartered in Dublin and is listed on the London Stock Exchange.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 5 hours ago Savannah Energy
- 6 hours ago Buccaneer Energy PLC
- 6 hours ago Savannah Energy
- 6 hours ago Carclo
- 7 hours ago Schroder Japan Growth Fund