18th Oct 2005 08:00
C&C Group Plc18 October 2005 C&C confirms termination of distribution agreement with Danone CCR.I CCR.L Dublin, London, October 18th, 2005: C&C Group plc ('C&C' or 'the Group'), theleading manufacturer, marketer and distributor of branded beverages and snacksin Ireland, today confirmed that it has received notice from Danone terminatingthe distribution agreement for the VOLVIC and EVIAN brands in the Republic ofIreland with effect from 30 November 2005. While this termination will impact the profitability of the Soft Drinks & Snacksdivision, where it accounts for turnover of approximately €12 million per annum,it is not expected to impact upon the Group's overall financial performance forthe full 2005/6 fiscal year. About C&C Group plc C&C is one of the largest manufacturers, marketers and distributors of brandedbeverages in Ireland and Northern Ireland and savoury snacks in Ireland. TheGroup owns several of Ireland's most recognised beverage and savoury snacksbrands, with leading market shares in various segments of the Irish beverage andsavoury snacks markets, including Bulmers cider, Ballygowan bottled water, Clubsoft drinks and Tayto crisps. Additionally, the Group distributes in Irelandleading international brands owned by third parties, such as 7UP and Pepsi softdrinks and a wide-ranging portfolio of wines and spirits. In addition to itsIrish operations, the Group exports spirits and liqueurs to over 80 overseasmarkets and exports Magners cider to the United Kingdom, the United States andContinental Europe. Investors and analysts Irish Media International Media Mark Kenny/Jonathan Neilan Paddy Hughes/ Ann-Marie Curran Edward OrlebarK Capital Source Drury Communications Finsbury Group Tel: +353 1 631 5500 Tel: +353 1 260 5000 Tel: +44 20 7251 3801Email: c& Email: [email protected] Email: [email protected] [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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