C&C announced this morning that the company is to purchase 50% of the shares in Wallaces express that the company does not already own, having acquired a 50% stake in the business in March 2013. Wallaces Express is Scotland’s largest independent wines and spirits wholesaler. The acquisition is part of C&C’s aim of developing a multi-strategy distribution operating model in Scotland.
Financial terms of the transaction were not disclosed and management also announced that full year results for C&C to the end of February will be released on Tuesday, 20th of May.
<p><h5>David Holohan</h5>

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