C&C buys Tipperary mineral water maker Gleeson

Cider and beer manufacturer C&C Group has acquired drinks supplier and distributer Gleeson for €12.4m. Gleeson also manufactures Tipperary mineral water.

€4.4m of the agreed price is deferred for one year. Existing debt is€45.6m.

C&C CEO Stephen Glancey said: "This deal represents a significant investment in Ireland for C&C. The acquisition has the potential to transform our existing Irish business through the addition of an extensive distribution network and the creation of an attractive, multi-beverage brand platform."

The company has diversified its brand portfolio in Ireland from the single brand Bulmers to a range including Tennent’s, Caledonia Smooth and a number of beer agency brands.