Vimto Owner Snaps up VitHit Drinks Brand for £64m

Healthy drinks brand founded by rugby player snapped up by Vimto

London-listed Nichols described the acquisition as a ‘strategic milestone’ for the group

Nichols acquires functional soft drinks brand VITHIT

Nichols plc, the diversified soft drinks group, is delighted to announce that it has acquired 100% of the issued share capital of VITHIT Limited and its subsidiaries, for a total cash consideration of approximately £64 million on a debt-free, cash-free basis,VITHIT is an excellent strategic fit for Nichols given its leading market positions in a structurally attractive soft drinks sub-category, complementary asset-light operating model, establis…

Nichols acquires Dublin drinks brand VITHIT for €75m

Dublin-founded functional drinks brand VITHIT has been acquired by UK soft drinks group Nichols for €75m in a deal that will strengthen the company's position in the growing health and wellness drinks market. Nichols plc has acquired 100% of the issued share capital of VITHIT Limited and its subsidiaries for a total cash consideration of €75m, equivalent to approximately £64m. The acquisition, which was completed on a debt-free, cash-free basis,…

Nichols Acquires Functional Soft Drinks Brand

Nichols, the owner of the Vimto brand, has acquired Ireland-based vitamin-enhanced beverage brand VITHIT in a deal worth €75m (£64m), aligning with its strategy to strengthen its portfolio by investing in differentiated soft drinks products. The company stated that VITHIT (more…) The post Nichols Acquires Functional Soft Drinks Brand appeared first on KamCity.

Vimto firm Nichols buys £64m Vithit of Dublin – Northern Financial Review

Merseyside-based Vimto and soft drinks firm Nichols plc said it has acquired Dublin-based Vithit Limited and its subsidiaries for £64 million in cash. “Vithit is an excellent strategic fit for Nichols given its leading market positions in a structurally attractive soft drinks sub-category, complementary asset-light operating model, established profitability and significant growth opportunities,” said Nichols. “The acquisition is expected to be i…