C&C ‘open’ to acquiring liqueur brands

C&C GROUP is looking to strengthen its spirits and liqueurs division through bolt-on acquisitions.

C&C ‘open’ to acquiring liqueur brands

Any likely move would be for particular brands, rather than company takeovers. Additionally, any acquisition would probably form part of the group’s long-term strategy and not be an immediate priority — although the group has established a strategy group to keep abreast of market opportunities.

C&C’s spirits and liqueurs division — which includes brands such as Carolan’s Irish Cream, Tullamore Dew Irish Whiskey and the Italian liqueur Frangelico — saw operating profit grow 28.9% to €9.8 million for the six months to the end of August and revenue increase nearly 25% to €36.1m.

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