Roger White, the chief executive of AG Barr, which makes soft drinks including Irn Bru and Rubicon, has spoken for the first time about the £1.4 billion merger deal with Britvic since it was first reported at the beginning of the month.
The statement came as Irn Bru marked a year-on-year 4.9 per cent increase in turnover to £130 million. However, pre-tax profits were noted to have dropped eight per cent to £14.9 million.
White commented on how the Britvic deal would affect shareholders, stating: “There is a strong industrial logic and there’s an opportunity to achieve some syngergistic benefits. All of those things add up to value for shareholders.”
AG Barr and Britvic will reveal the results of the merger talks before October 3.