C&C Group is set to complete the deal, first announced in November

C&C Group is set to complete the deal, first announced in November

C&C Group's EUR12.4m (US$16m) acquisition of the Gleeson Group is set to go ahead as the Irish Competition Authority has given the green light for the deal.

In a statement today (27 February), the Magners producer said it has received clearance and will now proceed with the takeover of the Irish firm. The deal was first announced in November, when the two companies reached an agreement. 

Gleeson is the largest distributor of packaged long alcoholic drinks (LADs) to Ireland's on-trade. It acts as agent for a number of beer, wine and spirits brands and produces Finches soft drinks and Tipperary mineral water.

The company is also a supplier of PET bottles and has 11 distribution depots across Ireland.