just-drinks.com editor's weekly highlights
In This Issue...
Two big deals stood out last week, with one drinks company offloading a non-core unit to a firm which had itself been a takeover target, and another company closing what has felt like the most drawn out sales process the industry has seen.
Britvic’s purchase earlier in the week of C&C Group’s soft drinks and distribution business in the Republic of Ireland and Northern Ireland, comes at a time when the UK company has itself been the recent target of takeover speculation. Private equity firm Permira has reportedly been sniffing round Britvic for most of this year. So, how this acquisition will shape the future for a bunk-up between these two will make for interesting viewing – is Britvic a no-go now? Or is it looking even more attractive? We’ll keep you posted on how this pans out.
Meanwhile, up in Scotland UB Group’s acquisition of Whyte & Mackay finally went through last week. The curious thing about this deal is how the Indian company has entered the Scotch whisky market, with the two countries at loggerheads over import duties and tariffs. General rumblings from Scotland have been favourable to the arrival of the Indians. Indeed, surely it can only be a positive that they will be able to see first-hand how Indian taxes hammer imported spirits.
As one insider told me this week (and these are his words, not mine), it’s always better to have people like this inside your tent pissing out, than having them outside pissing in.
This week will see us racing round the hall at ExCel in London at this year’s London International Wine & Spirit Fair. To those of you attending, I hope it’s a great success, and that you keep an eye out for us. To those of you who aren’t, don’t worry – we’ll have all the news from the event coming straight to you as we file from the fair.
Once again, you’ll hear it all here, first.
Until next time...
Olly Wehring, Managing Editor
Beam’s acquisition of Teacher’s and Laphroaig may not have attracted as much attention as some other elements of the Allied Domecq sell-off but as Michael Cockram, Scotch brand director at Beam Global Spirits & Wine, makes clear in this month’s Just the Answer interview, the US-based company is committed to making its mark in the Scotch whisky sector.
Your newsletter details
You are currently subscribed to just-drinks newsletters as: ##EMAIL##
Change your details
To update your email address, change the newsletters you subscribe to or to unsubscribe completely click here.
© just-drinks.com 2000-2007. All Rights Reserved.