4th May 2021 09:54
(Alliance News) - Britvic PLC has acquired plant-based drinks maker Plenish for an undisclosed sum, it announced on Tuesday.
Britvic, the FTSE 250 soft drinks maker, said the acquisition gives "access to a fast-growing category" and is aligned with the firm's more health-focused strategy.
"I am delighted that Britvic has acquired the Plenish brand and the opportunity to accelerate its progress in the fast-growing area of plant-based nutrition," said Britvic Chief Executive Simon Litherland.
"We are confident that the strength of our relationships with retailers, supply chain and distribution reach will fuel further momentum for the brand and provide a platform for its expansion and long-term growth."
Shares in Britvic were up 0.9% at 890.44 pence on Tuesday in London.
By Will Paige; [email protected]
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