CCR@tickerstat15 hours ago

C&C acquires Asahi distribution operations as revenue softens

C&C ($CCR) agreed to acquire Asahi UK’s Nectar Imports wholesale business and direct-distribution operations for nominal consideration. The assets will be integrated into Matthew Clark Bibendum as part of a longer-term partnership involving Asahi brands. The arrangement includes customer relationships and operating assets rather than a purchase of Asahi’s wider beverage business. The accompanying trading update showed first-half net revenue down approximately 3%. Branded revenue increased 2%, wh