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C&C Group to take US$285m hit on Vermont Hard Cider Co sale just-drinks.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from just-drinks.com Daily Mail and Mail on Sunday newspapers.
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$285 million less than it acquired it for in 2012
by Timothy McQuiston, Vermont Business Magazine C&C Group, based in Dublin, Ireland, announced Tuesday that is selling Middlebury-based Vermont Hard Cider Co for $20 million, or $285 million less than it bought it for in 2012, to Northeast Kingdom Drink Group. Northeast Kingdom Drink Group is referred to as Northeast Drinks Group LLC in a press release announcing the deal.
Northeast Drinks Group is a privately owned holding company. It said it has entered into a definitive agreement to purchase the Vermont Hard Cider Company, LLC, including its pioneering cider brands and state-of-the-art production facility in Middlebury.