AG BARRA ENTER TALLES OF SALE WITH THE POTENTIAL BUYER FOR STRATHME WATER BUSINESS

Strathmore’s bottled water mark seems to have saved from sinking, as current owner Ag Barr announced a possible buyer.

The United Kingdom group of AG AG AG BARBR has revealed the plans in March to suspend the brand, as Strathmore had “struggled to compete” in recent years and because the installation in Forfar, Scotland, from which the business operates, was no longer “sustainable”.

However, Ag Barr, who is also in London, who also owns the Irn-Bru soft drink line, has now entered conversations with an unnamed buyer.

“The company is pleased to announce that it has now come into exclusive debates with a third party on a Strathmore’s business disposition,” Ag Barr said in a brief stock market presentation today (April 30).

“These discussions are at an initial phase and there can be no certainty that a transaction is ultimately.”

Ag Barr, who also produces the funkin cocktail range, added that he will make more ads on the market “how and when appropriate.”

No mention has been made today for the future for workers of forbaring.

When Ag Barr announced the departure plan in March next to the results of the whole year, the company said that the site was at risk of closing, putting 23 jobs on the line.

Strathmore brand scrap follows an “organizational simplification” of the drink group’s business, which the company said was announced to staff in February. The movement saw the integration of refreshing bargains of Barr and Funkin cocktail companies in a “unified Barri operation, rationalization of activities and promotion of synergies”.

In March last year, Ag Barr announced a round of redundancies that affected 160 roles as part of a change of a direct delivery model at the store in “A enlarged and improved field sales operation”.

At the same time, Ag Barr also revealed the plans for “integrating” its BOOST DRINKS subsidiary into the Division of Refreshing Barri Bar to eliminate “duplicate activities”.

During its fiscal period throughout the year, AG Bar Barre revenue increased by 5.1% to £ 420.4 million ($ 544.5 million), driven by a “strong” performance in their refreshing drinks segment, particularly a “prominent” Rubicon performance and a “continuous growth” of Irn-Bru.

The business also recorded an increase in gross profit from 6.5% to 164.3 million pounds, while operating profit increased by 3.2% year -on -year to 51.7 million pounds. The benefit before the tax grew 3.7% up to £ 53.2 million.

“AG BARRA ENTER TALLES OF SALE WITH THE POTENTIAL PURCHASE FOR STRATHME WATER BUSINESS”, was originally created and published by Only drinksa brand of Globaldata property.

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