Sale of Three Bottling Facilities in FranceSource: RNS
("Britvic" or the "Company")
Legal Entity Identifier: 635400L3NVMYD4BVCI53
24 July 2020
Sale of Three Bottling Facilities in France
Britvic is pleased to confirm that full clearance has been received from the French Competition Authority for the sale of juice assets in France to Refresco. The sale includes the three juice manufacturing sites, related private label juice business and the Fruité brand. Britvic will retain 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, which are all manufactured at the remaining site in Crolles. Following clearance, it is anticipated that the transaction will now close in the Autumn.
For further information please contact:
Joanne Wilson (Chief Financial Officer)
Steve Nightingale (Director of Investor Relations)
+44 (0) 7881 751550
+44 (0) 7808 097784
Stephanie Macduff-Duncan (Head of Corporate Communications)
Stephen Malthouse (Headland)
+44 (0) 7808 097680
+44 (0) 7734 956201
Notes to editors
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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