Britvic plc Sale of Three Bottling Facilities in France (7728A)
October 01 2020 - 01:00AM
UK Regulatory
TIDMBVIC
RNS Number : 7728A
Britvic plc
01 October 2020
Britvic plc
("Britvic" or the "Company")
Legal Entity Identifier: 635400L3NVMYD4BVCI53
1 October 2020
Britvic Sale of Three Bottling Facilities in France
Britvic is pleased to confirm that following approval by the
French Competition Authority in July, Britvic has now completed the
sale of its juice assets in France to Refresco. The sale includes
the three juice manufacturing sites, related private label juice
business and the Fruité brand.
Britvic retains ownership of the Pressade and Fruit Shoot
brands, which will be manufactured by Refresco as part of a
long-term partnership arrangement. The transaction will not affect
the Teisseire and Moulin De Valdonne brands or the private label
syrups business, all of which are all manufactured at the company's
production site in Crolles.
This transaction supports our stated strategic priority to
improve operating margins in our Western European markets, while
also enables our teams to focus on growing our soft drinks
portfolio of local favourite and global premium brands.
For further information please contact:
Investors:
Joanne Wilson (Chief Financial Officer) +44 (0) 7881 751550
Steve Nightingale (Director of Investor Relations) +44 (0) 7808
097784
Media:
Stephanie Macduff-Duncan (Head of Corporate Communications) +44
(0) 7808 097680
Stephen Malthouse (Headland) +44 (0) 7734 956201
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, London Essence,
Teisseire and MiWadi with PepsiCo brands such as Pepsi, 7UP and
Lipton Ice Tea 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, Pressade and Moulin de
Valdonne and in Brazil with Maguary, Bela Ischia 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 FTSE250
index.
Cautionary note regarding forward-looking statements
This announcement includes statements that are forward-looking
in nature. Forward-looking statements involve known and unknown
risks, uncertainties and other factors including as a consequence
of the Covid-19 pandemic, which may cause the actual results,
performance or achievements of the group to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Except as required by
the Listing Rules and applicable law, Britvic undertakes no
obligation to update or change any forward-looking statements to
reflect events occurring after the date such statements are
published.
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END
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