AG Barr buys Rio tropical drinks brand for £12.3m
Sharecast
Published Oct 24, 2023 09:16
AG Barr buys Rio tropical drinks brand for £12.3m
Sharecast - The brand has been marketed, sold and distributed on an exclusive licence basis by AG Barr (SIX:BARN)’s recently-acquired Boost Drinks division since 2021.
Barr said the deal is not expected to have a material impact on profits for the current financial year ending 28 January 2024.
Chief executive Roger White said: "As brand builders we are delighted to acquire the Rio brand and secure its long-term position in our wider portfolio. This allows us to realise the benefits of full brand ownership and support Rio's continued growth. This acquisition is a further positive indication of our strategic ambitions."
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