C&C acquires "well-loved" Innis & Gunn brand from administrators

(Alliance News) - C&C Group PLC on Friday announced its acquisition of investee Innis & Gunn.

The Dublin-based beer, cider, wine, spirits and soft drinks maker has been a minority shareholder in, and brewing partner of, Innis & Gunn "for a number of years".

C&C bought the Scottish brewery brand from its administrators for GBP4.5 million, funding the consideration through its existing facilities.

"We have worked with Innis & Gunn for many years and whilst it's under difficult circumstances, we are delighted to bring the brand fully into our portfolio," commented C&C Chief Executive Roger White. "This is a compelling and highly synergistic opportunity to save a well-loved brand for which we currently brew most of the product.

"Our existing brewing and route-to-market platform allows us to integrate the brand effectively and quickly, supporting the ongoing supply of products to customers and consumers."

C&C said the takeover is an attractive opportunity to broaden its portfolio with a premium well-established brand, and expects the integration to present a very low execution risk. It hopes to "unlock brand value with minimal requirement for incremental overhead or capital investment," it continued.

White added: "We expect this acquisition to make a small positive contribution to our overall financial performance in FY27."

Shares in C&C were up 1.7% at 111.00 pence on Friday afternoon in London.

By Emma Curzon, Alliance News reporter

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