Britvic gets full clearance for French juice asset sale
By Michele Maatouk
Date: Friday 24 Jul 2020
(Sharecast News) - Soft drinks maker Britvic said on Friday that it has received full clearance from the French Competition Authority for the sale of its juice assets in France to Refresco.
The sale includes the three juice manufacturing sites, related private label juice business and the Fruité brand.
Britvic will retain ownership of the Pressade and Fruit Shoot brands, which will be manufactured by Refresco as part of a long-term partnership arrangement.
The company said the deal will not affect the Teisseire and Moulin De Valdonne brands or the private label syrups business, which are all manufactured at the remaining site in Crolles.
The transaction, which was announced in November 2019, is now expected to complete in the autumn.
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