15th Aug 2007 07:01
Britvic plc15 August 2007 (FOR IMMEDIATE RELEASE) 15th August 2007 Britvic plc ("Britvic") Acquisition of the soft drinks and related businesses of C&C Group plc ("CCSD")------------------------------------------------------------------------------- Britvic today announces the unconditional approval of the acquisition of CCSD bythe Irish Competition Authority. Completion of the transaction is planned for29th August 2007. All details and guidance given previously remain unchanged - please refer to theannouncement of 14th May 2007 for further information. Current Trading---------------- The UK has experienced unseasonably poor weather in May, June and July. However,our continued focus on costs and promotional efficiency, which has led to animproved average realised price, combined with strong first half results, meansthat, excluding any contribution from CCSD, we remain confident that the resultfor the year will be within the range of current market expectations. Britvic will issue an update on trading over the 52 weeks to 30th September on17th October 2007. INVESTOR ENQUIRIES Britvic plc 01245 504 330Craig Marks MEDIA ENQUIRIES BrunswickConor McClafferty 0207 404 5959Tom Buchanan 07974 982 366 Notes to editors---------------- Britvic is one of the two leading branded soft drinks businesses in GreatBritain. The Company is the largest supplier of branded still soft drinks, thefaster growing category in the soft drinks market, and the number two supplierof carbonates. Britvic's broad portfolio of leading brands includes established names withhigh brand recognition such as Robinsons and Tango and highly successfulinnovations such as J2O and Fruit Shoot. Included within the portfolio are thePepsi and 7UP brands, which Britvic produces, markets, sells and distributesunder its exclusive appointment from PepsiCo which runs until December 2023.This brand and product portfolio enables Britvic to target and satisfy a widerange of consumer demands in all major soft drinks categories, via all availableroutes to market. Cautionary note regarding forward-looking statements---------------------------------------------------- This announcement includes statements that are forward-looking in nature.Forward-looking statements involve known and unknown risks, uncertainties andother factors which may cause the actual results, performance or achievements ofthe Company to be materially different from any future results, performance orachievements expressed or implied by such forward-looking statements. Except asrequired by the Listing Rules and applicable law, Britvic undertakes noobligation to update or change any forward-looking statements to reflect eventsoccurring after the date such statements are published. -End- This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BritvicC&C Group