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"In a deal estimated to be worth around &amp;#163;67m, the UK&amp;#39;s second largest soft drinks manufacturer Britvic Soft Drinks has announced it will purchase Hartlepool-based soft drink manufacturer Orchid Drinks Ltd. Orchid Drinks has an annual turnover of &amp;#163;14m and was formed in 1992 following an MBO of the soft drinks business, Cameron Brewery in Hartlepool, by five former managers and produces Ame, Aqua Libra, Purdey&amp;#39;s and Duchy Originals.Commenting on the acquisition, Britvic&amp;#39;s MD Stephen Davies, said: &amp;quot;The Orchid range complements the existing Britvic portfolio and has enjoyed tremendous success. However, distribution has been primarily through multiple retailers.&amp;quot;He continued: &amp;quot;Britvic enjoys a strong presence in all sectors of the soft drinks market and we have the expertise and resource to develop the brands further across the total soft drinks market.&amp;quot;Orchid&amp;#39;s chairman, Rob Shotton, said: &amp;quot;It became clear that we needed the backing of a larger company to realise the full potential of our brands and Britvic is the right choice.&amp;quot;Controlled by Bass PLC, Britvic had a company turnover last year of over &amp;#163;500m and as well as Britvic fruit juices and mixers, the company produces some of the UK&amp;#39;s best selling brands, including Tango, Pepsi and Robinson&amp;#39;s."^^<http://www.w3.org/2001/XMLSchema#string>
<https://www.just-drinks.com/news/britvic-closes-orchid-drinks-deal-worth-67m_id76003.aspx>