Bulmers Owner C&C Hopes To Fight Off Brexit With Wine Contracts
Bulmers maker the C&C group has said that it hopes to pick up a number of packaging contracts from international winemakers in need of an EU base after Brexit, according to the Irish Examiner.
The Irish drinks group said earlier in the year that it had received a number of approaches from rival business looking for it to act as a contract brewer after Brexit.
Chief executive Stephen Glancey reiterated that at the group’s AGM yesterday, where he suggested that any additional business would most likely be in the area of wine packaging for South American or Australian labels.
Glancey said that these groups will be unable to package their EU-bound products in the UK.
He added that there was a “good chance” that C&C will win over some of that business due to its existing Gilbey’s wine distribution business.
At the AGM it was also confirmed that the group will invest between €1 and €2 million on increasing capacity at its Bulmers cider production facility in Clonmel in the relatively near future.
It was also mentioned that its Five Lamps craft brewery in Dublin would have to be increased, but Glancey said that would be a longer-term consideration.
Yesterday the beer and cider maker released its trading update from March, where it said that good weather and the World Cup have boosted the group’s trading.
The group also announced that Brian Stewart will be stepping down after eight years as chairman. He will be replaced by Stewart Gilliland, who joined the board as a non-executive member in 2012.
© 2018 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition.