UK - LDC invests to fund expansion of drinks manufacturer

LDC has taken a minority holding in the business and intends to drive growth through strategic acquisitions and the broadening of the company's European distribution base. The deal was supported with a debt package from Lloyds TSB Corporate Markets including senior debt and working capex facilities.

Founded in 1990, Intercontinental Brands currently produces nearly three million cases per annum and distributes over 260 alcoholic and non-alcoholic products to major supermarket chains, specialist off-licence groups and indepedant retailers. Since 2003 turnover has doubled, reaching £43m last year.

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• Topics
• Expansion
• UK / Ireland
• Consumer