IMMEDIATE RELEASE 14 March 2024
A.G. BARR p.l.c.
("A.G. BARR" or "the Group")
A.G. BARR p.l.c., the branded multi-beverage business with a portfolio of market-leading UK brands, including IRN-BRU, Rubicon, FUNKIN and Boost.
Business reorganisation
Barr Direct
Following a comprehensive review of Barr Soft Drinks' sales and distribution operations we are today announcing a proposal to change the route to market strategy in the important symbols and independent retail channel. The current direct to store delivery model, supported by telesales, would move to an enlarged and enhanced field sales operation with brands directly supplied through existing wholesale channels.
The proposal impacts up to 160 employees however it is expected that additional field sales roles will be created to support the new route to market.
Subject to consultation the proposals could result in the closure of our direct operations at Moston, Wednesbury and Dagenham and could be completed by the end of June.
Boost Drinks
Following the acquisition of Boost Drinks in December 2022, the Group commenced a manufacturing in-sourcing programme of Boost's products to the Barr Soft Drinks division, delivering margin improvement as a consequence.
The Group is now announcing a proposal to fully integrate the Boost business into Barr Soft Drinks which would result in a reduction in duplicated activities and access to the wider Barr Soft Drinks sales channels and organisation. Subject to consultation it is anticipated that the integration would be completed by the end of the year.
The proposal impacts 35 employees and would lead to the closure of the Boost Leeds office.
___________
The proposals are subject to full and proper consultation with impacted employees over the coming months. The Company will do everything possible to support those affected throughout the process.
For more information, please contact :
A.G. BARR Instinctif Partners
0330 390 3900 020 7457 2010/05
Roger White, Chief Executive Justine Warren
Stuart Lorimer, Finance Director Matthew Smallwood
Next scheduled update : Full Year Results - 26 March 2024
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
