Vimto firm acquires 50% of Dayla Liquid Packing

 

Liz Wells, packagingnews.co.uk, 11 December 2008

 

Nichols, the soft drinks and dispensing firm, has acquired 50% of aseptic bag-in-box filler Dayla Liquid Packing for £2.8m, with a further £1m deferred until December 2009.

 

Nichols, the firm behind the fruit cordial Vimto, has the option of buying the remaining 50% in 2011 or 2012.

 

The company said the investment would enable it to capitalise on opportunities both in the UK and overseas and allow it direct access to the growing premium juice market.

 

It added Ian Jenkins will remain as managing director of Dayla throughout the option period.

 

Jenkins said: "The Nichols investment shows its strong commitment to developing Dayla's unique position in the drinks dispense market. This move is very exciting for Dayla, after working closely with Nichols for many years.

 

"Nichols has strong links in the markets that Dayla is looking to develop and there are clear synergies that will enable both Dayla and Nichols to grow jointly in new and existing international markets," he added.