| -0.7°C Dublin

C&C buys up Gleeson

DRINKS group C&C has announced it has agreed to acquire the Gleeson Group for €12.4m.

The Gleeson Group is the largest distributor of packaged long alcohol drinks to the bar trade in Ireland.

It manufactures Tipperary Water and Finches soft drinks.

The company also represents a number of beer, wine and spirits brands on an agency basis.

The business generated pre-tax earnings of €10.2m for the 12 months to June 2012.