UK: C&C Group completes Gaymer Cider Co deal

By | 15 January 2010

C&C Group has significantly expanded its UK cider portfolio by completing the acquisition of Gaymer Cider Co from Constellation Europe.

The Ireland-based Magners owner said today (15 January) that it has completed the GBP45m (US$75m) cash takeover, although the deal remains subject to an independent review by the Office of Fair Trading.

Gaymer will be held as a separate business pending a decision from the regulator, said C&C, which also today reported net sales down 7% for the first nine months of its fiscal year.

"Business conditions in the group's core cider markets remain challenging," it said, despite reporting a double digit volume rise in cider sales in the UK for December.

C&C hailed the Gaymer deal, announced in November, as transforming its UK cider business.

 

Sectors: Beer & cider

Companies: C&C Group, Constellation

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