Britvic plc Proposed Closure of Norwich Manufacturing Site (4810S)
October 03 2017 - 1:00AM
UK Regulatory
TIDMBVIC
RNS Number : 4810S
Britvic plc
03 October 2017
Britvic plc
("Britvic" or the "Company")
3 October 2017
Proposed Closure of Norwich Manufacturing Site
Following a detailed review of our manufacturing sites and
distribution network Britvic is today announcing a proposal to
transfer production of Robinsons and Fruit Shoot from our Norwich
site to our manufacturing sites in East London, Leeds and Rugby.
The proposal is being made to improve the efficiency and
productivity of our manufacturing operations and, as a result,
Britvic is proposing to close the Norwich manufacturing site. The
proposal has been approved by the Board for consultation with
impacted employees and, subject to full and proper consultation, it
is proposed that the site will close towards the end of 2019. We
have also informed Unilever, who co-own the site with Britvic, of
the proposals.
Britvic has 242 employees on site that are affected by this
decision. Every impacted employee will be offered a comprehensive
package of support, including redeployment opportunities at other
sites and outplacement services to help find alternative
employment.
In November 2015 Britvic announced a 3-year business capability
programme, investing a net GBP240m of capital in our GB
manufacturing operations, to ensure we had the appropriate
infrastructure to compete in the market and deliver sustainable
cost and commercial benefits. We remain committed to this programme
and the proposed closure does not affect the previously stated
guidance. It is anticipated that there will be costs associated
with the implementation, subject to the outcome of the consultation
process, which are expected to be clarified in Britvic's
preliminary results release on November 29th.
Simon Litherland, CEO said:
"Britvic is proud to be a British manufacturer and Norwich has
been an important site for our business for many years. This is not
a proposal that we make lightly and we know this is upsetting news
for our colleagues. We are very grateful for the hard work and
dedication of our employees at our Norwich factory and today's
announcement is in no way a reflection on their performance or
commitment. However the changes we are proposing today present
significant productivity and efficiency savings in our
manufacturing operations, deliver environmental benefits and,
coupled with our ongoing investment programme in our GB
manufacturing operations, ensure that we have the flexibility and
capability we need to respond to changing consumer trends faster
and more efficiently. No decisions will be made prior to full and
proper consultation with employees and our focus is on ensuring we
offer our colleagues on-going support and assistance throughout
this difficult time."
For further information:
Investors:
Steve Nightingale (Director of Investor Relations) +44 (0) 7808 097784
Media:
Victoria McKenzie-Gould (Director of Corporate Relations) +44 (0) 7885 828342
Ben Foster, Rosie Oddy (Teneo Blue Rubicon) +44 (0) 203 603 5220
Notes to editors
About Britvic
Britvic is one of the leading branded soft drinks businesses in
Europe. The company combines its own leading brand portfolio
including Fruit Shoot, Robinsons, Tango, J2O, Teisseire and MiWadi
with PepsiCo brands such as Pepsi, 7UP and Mountain Dew Energy
which Britvic produces and sells in GB and Ireland under exclusive
PepsiCo agreements.
Britvic is the largest supplier of branded still soft drinks in
Great Britain ("GB") and the number two supplier of branded
carbonated soft drinks in GB. Britvic is an industry leader in the
island of Ireland with brands such as MiWadi and Ballygowan, in
France with brands such as Teisseire and Pressade and in Brazil
with Maguary and Dafruta. Britvic is growing its reach into other
territories through franchising, export and licensing. Britvic's
management team has successfully developed the business through a
clear strategy of organic growth and international expansion based
on creating and building scale brands. Britvic is listed on the
London Stock Exchange under the code BVIC and is a constituent of
the FTSE 250 index.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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