FDBusiness.com

Aston Manor Cider Business Could be Put Up For Sale

 Breaking News
  • Administrators Appointed to Russell Hume KPMG Restructuring has been appointed as administrators to Russell Hume, the UK specialist meat supplier. Headquartered in Derby and operating from six production sites in Liverpool, Birmingham, London, Boroughbridge, Exeter and Fife, the company supplied meat to a number of hotels, restaurants and pubs across the UK. It employed a total of 302 people. Last month, [...]...
  • Heineken Delivers a Solid 2017 Performance Heineken has posted a 5% increase in organic revenue (beia) to €21.91 billion for 2017 with revenue (beia) per hectolitre up by2.1% as consolidated beer volume rose by 3.0% with growth in all regions. Operating profit (beia) grew 9.3% organically during the year, primarily reflecting higher revenue and cost efficiencies. The group’s operating margin improved [...]...
  • Coca-Cola European Partners Reports First Full Year Coca-Cola European Partners has reported a 21% increase in revenue to €11.1 billion – up 3.0% on a comparable and foreign exchange neutral basis – for the full-year ended 31 December 2017. Volume was up 0.5% on a comparable basis. Full-year reported operating profit at €1.3 billion was up 9.0% and by 10.5% on a comparable [...]...
  • New Micronutrient Premix For Target-group-specific Drinks Health is one of the twelve central megatrends identified by the Frankfurt Future Institute’s Food Report 2018. A healthy lifestyle is important to all age groups, and nutrition plays a major role alongside various other components. Using its new premix for healthy bones and heart as an example, SternVitamin shows how beverage manufacturers can address [...]...
  • Lete SpA – A Compact Line of 44,000 bph For Square Bottles Lete is an internationally recognised trademark, thanks to the peculiarity of the naturally sparkling water and also because it is the main sponsor of Napoli Calcio. The collaboration with ACMI dates back more than twenty years and the famous Italian supplier of end-of-lines has always considered Lete SpA to be one of its most prestigious [...]...

Aston Manor Cider Business Could be Put Up For Sale

Aston Manor Cider Business Could be Put Up For Sale
May 19
09:22 2017

Aston Manor, the largest independently owned cider maker in the UK and the second largest manufacturer of cider in the country, has appointed investment bank Lazard to advise on the future direction of the business, which could result in a sale. Aston Manor is controlled by Doug Ellis, the former chairman of Aston Villa Football Club.

Established in 1983, Aston Manor has a production and packaging facility in Birmingham, orchards in Worcestershire and Herefordshire and a further production and packaging facility at Tiverton in Devon. Its product range spans from mainstream to premium ciders such as Malvern Oak and Malvern Gold through to organic cider. The company currently exports a range of ciders to more than 20 countries including America, Russia and a number of countries in Africa.

“As we look to future challenges and opportunities we are considering what options exist to bring additional investment into the business – and Lazard has been appointed to help us in this work,” explains Gordon Johncox, managing director of Aston Manor. A number of options will be considered and “there is no certainty that any action will result,” he adds. “It is true to say that we are focused on how we can continue to grow the business.”

In 2015, Aston Manor reported a drop in operating profit from £7.5 million to £5.8 million on turnover down from £123 million to £109 million.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • February 25, 2018fish international
  • February 27, 2018Warsaw Gastro Show
  • February 27, 2018Int'l Food Fair
  • February 28, 2018GAST
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements