Britvic plc Acquisition (4171X)
May 04 2021 - 3:00AM
UK Regulatory
TIDMBVIC
RNS Number : 4171X
Britvic plc
04 May 2021
Britvic plc
("Britvic" or the "Company")
Legal Entity Identifier: 635400L3NVMYD4BVCI53
4 May 2021
ACQUISITION
Britvic enters plant-based nutrition through the acquisition of
Plenish
Britvic plc announces the acquisition of Plenish, which offers a
range of organic, clean label, plant-based beverages across
plant-based milks, cold-pressed juices and functional shots.
Founded in 2012 as a direct-to-consumer brand, it has since
expanded into retail distribution. Using best-in-class ingredients
sourced from sustainable, organic farms and no additives, the
Plenish brand gives Britvic access to a fast-growing category and
is directly aligned to the group strategic priorities of Accessing
New Spaces and Healthier People, Healthier Planet.
While it is strategically important, the immediate value of the
transaction is not material enough to impact adjusted EBIT in 2021.
A fuller update will be shared within our Interim Results
announcement on 18 May 2021.
Commenting on this acquisition, Simon Litherland, Britvic Chief
Executive Officer said:
"I am delighted that Britvic has acquired the Plenish brand and
the opportunity to accelerate its progress in the fast-growing area
of plant-based nutrition. We are confident that the strength of our
relationships with retailers, supply chain and distribution reach
will fuel further momentum for the brand and provide a platform for
its expansion and long-term growth. I am really pleased that Kara
Rosen, the founder of Plenish, and her team will be joining
Britvic, and look forward to working with them and benefiting from
their native expertise in plant-based nutrition, direct-to-consumer
and digital marketing."
Kara Rosen, Founder of Plenish, said:
"I started Plenish nine years ago in my kitchen to help make it
easy and delicious for people to improve their health and make a
positive impact for the planet. Our plant-based drinks are still
made like I originally made them at home - with best in class
ingredients sourced from sustainable, organic farms and no
additives. I'm so excited for Plenish to join forces with Britvic,
a business I've long admired as a brilliant builder of brands and
which shares similar values, particularly around healthier people
and planet. Together we can reach more people in more places with
products and programmes that help you feel good, made in a way that
you can feel good about."
For further information please contact:
Investors:
Steve Nightingale (Director of Investor
Relations) +44 (0) 7808 097784
Media:
Kathryn Partridge (Director of Corporate
Affairs) +44 (0) 7803 854229
Stephen Malthouse (Headland) +44 (0) 7734 956201
About Plenish
Plenish is an award-winning plant-based drinks brand that's on a
mission to fuel a healthier world. The business has grown from the
UK's first cold-pressed juice company, hand-making organic drinks
in founder Kara Rosen's kitchen, to one of the UK's fastest growing
plant-based drinks brand whose organic m*lks, juices and shots are
sold nationwide. Plenish is famous for its simple recipes using
only a handful of natural ingredients and no additives. All its
products are made with organic, sustainably sourced produce of the
highest quality. Plenish is a market leader in sustainability and
is the only plant-based drinks brand to be certified carbon
negative. Plenish achieved B-Corp status in 2021.
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
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.
END
ACQDKQBNABKKNPK
(END) Dow Jones Newswires
May 04, 2021 04:00 ET (08:00 GMT)
Britvic (LSE:BVIC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Britvic (LSE:BVIC)
Historical Stock Chart
From Apr 2023 to Apr 2024