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New Deal


Announced

Completed

Northeast Drinks completed the acquisition of Vermont Cider from C&C Group for $20m.

Financials

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Transaction Value£14m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Soft Drinks

United States

cider production

Private

Friendly

Single Bidder

Acquisition

Majority

Completed

Domestic

Synopsis

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Northeast Drinks, a privately owned holding company, completed the acquisition of Vermont Cider, a hard cider maker, from C&C Group, a manufacturer, marketer and distributor of alcoholic drinks, for $20m. “New ownership comes at an exciting time for the company as Woodchuck celebrates its 30th anniversary and has demonstrated healthy growth in 2020, which has continued this year, with depletions trending +26% over the past 90 days. With NDG, we look forward to new ownership not only investing in key areas of support with our existing brands but also focusing on new product innovation and launches," Bridget Blacklock, Vermont Cider Company VP Sales and Marketing.

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