UK: Irn-Bru maker in talks to buy Vimto owner
AG Barr is among a slew of potential suitors in for Nichols, the maker of Vimto, according to industry sources. Other interested parties include a number of private equity firms, sources have said.
Nichols admitted that it is in talks over a possible takeover of the company on Monday (19 March). The London-listed company said that is in "preliminary discussions" over a possible offer.
A spokesman for Nichols refused to be drawn on the identity of the interested parties. However, he told just-drinks yesterday that talks are at a "very, very early stage".
He said: "The Nichols family owns nearly 40% of the company and is very happy to continue to own the company. Unusually for a listed company, so much of the business is held by family members, so they can decide what happens to the business."
The spokesman said talks concern the sale of the entire Nichols business, which also includes the Sunkist and Panda brands and a soft drinks dispense systems business. He added: "The Nichols family is not any rush to sell."
Officials at AG Barr could not be reached for comment.
UK soft drinks company Nichols has pulled out of its offer period and is no longer for sale....
Nichols has posted a lift in sales for its first half, despite "extremely difficult" trading conditions....
AG Barr has signed a three-year deal with The Scottish Football League, making its Irn-Bru brand the official sponsor....
AG Barr is launching a larger can size for its Irn-Bru 32 energy drink....
AG Barr has released an upbeat trading update for the first three months of its financial year....
Coca-Cola GB has not been drawn on reports that it is in talks with Highland Spring, despite recent press speculation....
Irn Bru is launching an advertising campaign involving Goths holidaying in Blackpool to a soundtrack by The Undertones....
The Coca-Cola Co. has stayed silent on speculation that it may be looking to acquire Scottish soft drinks company AG Barr....
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