Vimto owner Nichols monitoring Ribena sale process

NICHOLS, the North West drinks manufacturer and owner of Vimto, Sunkist and Panda brand, has been linked with a major deal to buy Ribena and Lucozade from global pharma to consumer products group GlaxoSmithKline.

A report on Sky News said Newton-le-Willows-based Nichols - which has just  reported strong financial results - could partner with a private equity firm to take part in the £1bn sale process.

Sky said GSK was encouraging Nichols to bid for the brands, though it is understood that the AIM-listed company i... For the full story register now for free or login below...