FDBusiness.com

Aston Manor Cider Business Could be Put Up For Sale

 Breaking News
  • Greene King Being Sold For £2.7 Billion CK Asset, which is one of the largest property developers in Hong Kong and an international investment group, has made a recommended £2.7 billion cash offer for Greene King, the UK’s leading integrated brewer and pub retailer operating over 2,700 pubs, restaurants and hotels across England, Wales and Scotland. Including debt, the enterprise value of [...]...
  • The Hershey Company Takes Minority Stake in Irish Snacking Brand The Hershey Company, the US-based food group, has made a minority investment in Fulfil Holdings, the owner of the snacking brand FULFIL. Headquartered in Dublin, Ireland, FULFIL has rapidly grown since its inception, now outselling many traditional chocolate snack bar brands in the UK and Ireland and named a top 50 consumer brand in Ireland. Brian [...]...
  • UK Restaurant Numbers Drop Again as Consumer Tastes Shift Britain’s restaurant numbers have fallen for the sixth quarter in a row, the new edition of the Market Growth Monitor from CGA and AlixPartners reveals. Independent operators have borne the brunt of the closures with group-owned restaurants proving more resilient despite some major brand failures. The quarterly survey of the country’s supply of licensed premises reports a 3.4% drop in [...]...
  • Molson Coors Commits to Reduce Plastics in Packaging Molson Coors in the UK and Ireland is removing the plastic packaging from its Carling and Coors Light brands, as part of new global packaging goals. The brewer will remove the plastic film wrap from large multipacks by the end of March 2020, replacing the plastic wrap with 100% recyclable fully enclosed carton board. By [...]...
  • Carlsberg Group Upgrades Full Year Operating Profit Outlook Carlsberg Group has delivered organic operating profit growth of 17.7% for the first half of 2019 with reported growth of 18.2% to DKr 5.17 billion (€693 million). Organic net revenue growth was 4.2% and on a reported basis net revenue rose by 6.5% to DKr32.99 (€4.42 billion). Operating margin improved by 160bp to 15.7%. Reported net [...]...

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

  • September 11, 2019Packaging Innovations & Luxury Packaging London 2019
  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements