C&C Group buys Gaymers

Drinks manufacturer C&C Group has agreed to acquire The Gaymer Cider Company from Constellation Brands for £45 million.


Drinks manufacturer C&C Group has agreed to acquire The Gaymer Cider Company from Constellation Brands for £45 million.

Drinks manufacturer C&C Group has agreed to acquire The Gaymer Cider Company from Constellation Brands for £45 million.

The Gaymer Cider Company produces cider in the UK and owns brands including Blackthorn, Olde English and Gaymers. The Somerset-based company employs some 250 people and generated sales of £64 million in the year to February. The deal will be financed by a new bank facility worth £60 million.

Tony O’ Brien, chairman of C&C, said: ‘The acquisition enhances our product portfolio, creates operating synergies and delivers value for our shareholders.’

In the six months ending August, Dublin-based C&C reported a decrease in revenue of 10.5 per cent to €257.5 million (£234.6 million), while operating profits were down by 13.6 per cent to €57.4 million. 

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

Related Topics