C&C Group Acquires Asahi UK’s Wholesale Business
C&C Group has agreed to acquire the Nectar Imports wholesale business from Asahi Group Holdings in the UK for nominal consideration. The acquisition will integrate into C&C's Matthew Clark Bibendum (MCB) operation, enhancing its customer base and operational efficiency. Roger White, CEO of C&C, highlighted that this move brings new customers and immediate scale benefits. As part of the deal, MCB will take over supply arrangements for Fuller, Smith & Turner on-trade estate and lease Nectar Imports' depot in Wiltshire. Asahi plans to end direct distribution from its Griffin Brewery site in London, transferring it to MCB while retaining control of brewing operations including London Pride. The announcement coincided with C&C's six-month trading update showing a 3% decline in net revenue year-on-year and an expected first-half underlying operating profit between €43m and €44m. The company remains on track for full-year performance despite volatile market conditions ahead of the Christmas period.
Topics: acquisition distribution strategy wholesale business