Business
Acquisition
Acquisition.
About this update from Nichols Plc
[{"type":"text","content":"\n Nichols PLC\n10 April 2007\n\n\n\nDate: Embargoed until 07.00hrs, Tuesday 10 April 2007\n\nContacts: John Nichols, Executive Chairman\nBrendan Hynes, Group Finance Director\nNichols plc\nTelephone: 01925 222222\nWebsite: www.nicholsplc.co.uk\n\nAlistair Mackinnon-Musson\nNicola Savage\nHudson Sandler\nTelephone: 020 7796 4133\nEmail: [email protected]\n\n\n\nPhotographs available: On request from Hudson Sandler, as above\n\n\n\n\n\n Nichols plc\n\n\n\n Acquisition of Cariel Soft Drinks\n\n\n\nNichols plc, the soft drinks group, is pleased to announce the acquisition of\nthe cold soft drinks on draught business, Cariel Soft Drinks.\n\n\n\nNichols plc is a highly focused soft drinks and dispensed cold drinks business,\ncomprising two operations:\n\n\n\n1) Soft Drinks (sales and marketing of the Vimto brand throughout the\nworld, where it is now available in over 65 countries and of the Panda & Sunkist\nbrands in the UK) and\n\n2) Dispense Systems (namely the Cabana & Beacon cold soft drinks on draught\n'dispense' businesses)\n\n\n\nBased in Dunblane, Scotland and with an annual turnover of £1.7m, Cariel holds a\nkey position in its marketplace north of the border and, when combined with\nNichols' existing Scottish Cabana operation, will cement the Group's position as\nthe third largest operator in the dispense sector in the UK.\n\n\n\nThe purchase of Cariel Soft Drinks also demonstrates the Board's continued focus\non its strategy of growing both of the Group's core operations, Soft Drinks and\nDispense Systems.\n\n\n\nCommenting, John Nichols, said:\n\n\n\n'I am delighted to welcome Cariel to the Group. We've been making excellent\nprogress in our Dispense Systems Operation, so this acquisition fits perfectly\nand helps to underpin our market position in the UK dispense sector, where we're\nthe third largest operator'.\n\n\n\n\n\n -ENDS-\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2321,"tagName":"div"}]