UK: C&C Group takes full control of Wallaces Express
C&C Group first invested in Wallaces Express 12 months ago
C&C Group has acquired the remaining 50% stake in Scotland-based wines and spirits wholesaler Wallaces Express for an undisclosed sum.
The move, which comes one year after C&C bought the initial 50% stake, will see Wallaces Express renamed Wallaces TCB. The new company is set to “increase value for the independent on-trade” across Scotland, C&C Group said today (18 March).
“Our decision to acquire the business outright represents further investment by C&C in Scotland and is the latest stage of our plans to put customers at the heart of our support for the independent on-trade,” John Gilligan, MD of C&C-owned Tennent Caledonian Breweries, said. “We plan to grow the business further, finding more opportunities for cross-selling to our customers, particularly in wines and spirits and soft drinks.”
Financial details of the deal have not being disclosed.
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