Greencore Group plc, a leading international producer of convenience foods with operations in Ireland, the UK, USA, the Netherlands and Belgium, has sold its bottled water business, Greencore Water, to Highland Spring Limited for a US$26 million consideration. US$14.9 million is payable upon completion, US$4.5 million deferred until the second anniversary of completion and up to US$6.7 million contingent upon the future performance of the business.
Greencore Water is a supplier of customer-branded water in the UK, operating from two facilities located at Campsie Springs in West Scotland and Blaen Twyni in Wales.
Highland Spring Limited, based in Scotland, is the UK's leading brand of bottled water
Oaklins' team in Ireland advised the seller in this transaction.
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