Announced
Completed
Financials
Tags
Soft Drinks
United States
cider production
Private
Friendly
Single Bidder
Acquisition
Majority
Completed
Domestic
Synopsis
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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