Fri, 20 Dec 2019 | MBO/MBI
Mineral water brand Brecon Carreg has returned to Welsh ownership after being acquired from Belgian company Spadel in a management buyout (MBO).
The MBO was lead by Brecon Carreg’s commercial manager David Stockley. All of the companies 32 jobs have been safeguarded in the deal.
Brecon Carreg produces bottled sparkling and still mineral water in Carmarthenshire. It has been Wales’ number one selling mineral water brand for the last four years. Last year it produced 48 million litres and registered a 19 per cent value market share.
David Stockley said: “I am confident that the return of the Brecon Carreg business to independent Welsh ownership will bring real benefits both to the business itself and to the local region, and I’m pleased that the number one water brand in Wales is now a 100 per cent Welsh brand.
“As a business we will be able to be much more agile and flexible in responding to current market trends, which is important in the challenging market conditions that our industry currently faces.”
He added: “During my time as a senior manager at Spadel over the last 12 years, I have done all I can to encourage local sourcing wherever possible. As the owner of Brecon Carreg Limited, I am now in a position to ensure that this will be very much a core principle of the company, going forward.”
Spadel CEO Marc du Bois, said: “It was not at all an easy decision to sell Brecon Carreg, because it’s a company that has been part of our group for 35 years and it has been a fine success story for us.
“But we feel comfortable about this operation, because we know that we are leaving the company in good hands”
The business is 6 metres from the water on the Harborside of Bristol it consists of 2 buildings one for preparation and on is the selling point of the business we have outdoor seating of 12 x 6 tables under a canopy.
LEASEHOLD
Attractive well-fitted licensed grill restaurant & cocktail bar. Grade II listed building situated in a parade, excellent trading position. At present Turkish cuisine, which could obviously be continued and in our opinion there is potential for other...
LEASEHOLD
Fish and Chip Shop, Kebab and Burger Bar in Watford For Sale. Situated end of parade, busy road, Hertfordshire.
LEASEHOLD
02
|
May
|
Legal services group completes eighth acquisition | BUSINESS SALE
Acquisitive legal services group Lawfront has completed a de...
02
|
May
|
Vehicle recovery firm rescued with pre-pack sale | BUSINESS SALE
A vehicle recovery and maintenance business has been acquire...
01
|
May
|
Testing technology firm acquired at 3.5x revenue | BUSINESS SALE
MK Test Systems Limited, a Somerset company that designs and...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.