AG Barr strikes M&A one-two in “adult” soft drinks

Group 1 - AG Barr has acquired Fentimans and Frobishers Juices to enter the adult soft drinks market, which is experiencing a trend of reduced alcohol consumption among consumers [1][2] - The total acquisition cost was £51 million ($70 million), with £38 million ($52 million) paid for Fentimans and £13 million for Frobishers [2] - Fentimans reported a turnover of £35.7 million in 2024, down from £39 million the previous year, and made a profit of £1 million compared to a loss of £514,000 in 2023 [3] Group 2 - AG Barr's revenue grew by approximately 4% to £437 million for the financial year ending January [4] - The company's adjusted operating margin increased to 14.7%, up 110 basis points from the previous year, attributed to efficiency initiatives and supply chain investments [4] - CEO Euan Sutherland indicated that the company has established strong foundations for future growth and has good momentum entering FY26/27 [5]