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UK: Nichols makes soft drink dispense purchase

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Nichols has made an acquisition poised to cement its position as a major soft drinks dispense player in the UK. The soft drinks group announced yesterday (11 May) that it has bought the soft drinks on draught business Beacon Soft Drinks.

Financial details were not disclosed.

The company said yesterday that the purchase of Beacon, which has an annual turnover of GBP3.5m, demonstrates its continued strategy of growing its core operations following the sale of Nichols Foods and Stockpack last year and the acquisition of Panda soft drinks in January of this year.

Seperately, Nichols said yesterday that trading in the year so far was in line with expectations. The company said it continues to anticipate sales of around GBP10m from the Panda brand this year but with a limited impact on profits this year, due to the costs associated with integrating the brand into its distribution infrastructure.

In overall terms, Nichols said, despite market conditions remaining fiercely competitive, trading since the preliminary results has remained in line with its expectations.


Sectors: Soft drinks

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