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New Deal


Announced

Vidrala-backed Encirc to acquire The Park from Accolade Wines.

Financials

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

Tags

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United Kingdom

Private

Acquisition

Single Bidder

warehouse

Storage Facilities

Majority

Pending

bottling

Domestic

Friendly

Synopsis

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Vidrala-backed Encirc, a glass container design, manufacturing, bottling and logistics solutions provider, agreed to acquire The Park, a bottling and warehousing facility in Bristol, from Accolade Wines, a winemaking company. Financial terms were not disclosed. “The Park represents best practice across all of these criteria and, through our collaboration with Encirc with its deep experience and networks across Europe, we will be able to continue accessing all the benefits of this world-class facility while extracting additional efficiency and flexibility in our supply chain. In Encirc, we have found the perfect partner to provide the bottling, warehousing and distribution services we need to support our premiumisation strategy in the growth markets of Europe and around the world,” Robert Foye, Accolade Wines CEO.

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