AG Barr strikes M&A one-two in “adult” soft drinks [Yahoo! Finance]
SYMRISE AG UNSP/ADR (SYIEY)
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Source: Yahoo! Finance
AG Barr issued a brief statement on the acquisitions today (3 February) alongside a trading update for its financial year that closed at the end of January. “Both brands operate in the attractive adult soft drinks market, which is benefitting from the consumer trend of reduced alcohol consumption,” Funkin owner AG Barr said. “These acquisitions reflect the execution of further meaningful and targeted M&A to elevate growth through broadening the brand portfolio while providing opportunities for cost synergies.” AG Barr paid £38m ($52m) for Fentimans in a deal the companies completed yesterday. The group snapped up Frobishers for £13m. That deal was finalised “towards” the end of AG Barr's financial year. Family-owned Fentimans, based in north-east England, makes and markets “botanically brewed” mixers and soft drinks. Devon-based Frobishers was sold to UK juices business Cobell in 2009. Ingredients giant Symrise snapped up Cobell eight years later. The most recent accounts a
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