AG Barr enters sale talks with a potential buyer of Stratemore Water Business

It seems that the boob water brand in Stratemore has been rescued from drowning, as the current owner AG Barr announced a possible buyer.

AG Beverage Group AG Barr in the United Kingdom revealed plans in March to stop the brand because Strathmore “has fought for competition” in recent years and because the facility in Forfar, Scotland, from which the company operates, is no longer sustainable.

However, the AG Barr listed in London, which also owns the IRN-BRU soft drink line, has now entered talks with an unveiled buyer.

“The company is pleased to announce that it has now entered into exclusive discussions with a third party with regard to the potential disposal of Stratemore,”

“These discussions are at an early stage and there can be no certainty that the transaction will happen in the end.”

AG Barr, which also produces Funkin Cocktails, added that he will issue more ads to the market “when necessary”.

Today, the future of the workers is not mentioned in Forfar.

When AG Barr revealed the exit plan in March, along with its entire general results, the company said the site is at risk of closing, which exposes 23 jobs to the test.

The cancellation of the brand “Setthmore” is a “organizational simplicity” of Beverages Group, which the company said was announced in February. This step witnessed the merging of the BAR soft drinks and Funkin Cocktakes into “AG Barr Unified Operation, Simplifying Activities and Promoting Co -Equipment.”

In March of last year, AG Barr announced a round of repetition that affects 160 houses as part of the transformation from the direct delivery model to the store to a “expanded and improved field sales.”

Almost at the same time, AG Barr also unveiled plans to fully Boost drinks in the BAR soft drinks section to remove “repeated activities.”

In the financial period for the entire year, AG Barr revenues increased by 5.1 % to 420.4 million pounds ($ 544.5 million), driven by “strong” performance in the soft drink sector, especially “prominent performance” from Rubicon and “strong growth” from IRN-BRU.

The company also informed a 6.5 % increase in total profits to 164.3 million pounds, while operating profits increased by 3.2 % year on an annual basis to 51.7 million pounds. Before the tax profit grew 3.7 % to 53.2 million pounds.

“AG Barr enters the sale talks with the potential buyer of Stratemore Water Business” was originally created and published by Just drinkThe brand owned by Globaldata.

Information on this site was included in good faith for public media purposes only. It is not intended to reach the advice that you should depend on, and we do not provide any representation, guarantee or guarantee, whether it is explicit or implicit in relation to accurately or completing it. You must have a professional or specialized advice before taking any action based on the content on our website.