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UK: GlaxoSmithKline silent on talk of private equity swoop for Lucozade, Ribena

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GlaxoSmithKline (GSK) has declined to comment on a report a US private equity firm is readying a bid for its Lucozade and Ribena brands.

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Sky News reported today (11 March) that Blackstone Group is preparing to make an offer if GSK puts them up for sale. GSK launched a “strategic review” of the two brands last month, with every option, including a sale, being considered.

However, a GSK spokesperson told just-drinks today there has been no change in the status of Lucozade and Ribena and the company may still decide to retain them.

Blackstone also refused to comment on the report.

Lucozade is available in 30 markets, while Ribena is in 24 countries. Neither are on sale in the US. Last year, the two brands generated sales of GBP600m (US$939.5m) for GSK, with the group's consumer health care business delivering GBP5.1bn in sales.

Blackstone was reportedly also in the hunt for Campbell's acquistion Bolthouse Farms last year.


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