Cadbury Schweppes announces that it has agreed the sale of the
Grandma's Molasses brand, the leading premium-quality molasses
brand in the United States, to B&G Foods, Inc. for $30 million
in cash.
Cadbury Schweppes plc issues regular trading updates ahead of
its interim and preliminary results. Today's update comments on
year-to-date performance in 2005: the preliminary results for 2005
will be announced on 21 February 2006.
Cadbury Schweppes today announces that it plans to invest
£70m to build a new chewing gum factory located on a
greenfield site in Poland. This new manufacturing facility is to
support the company's growth and increased consumer demand for its
brands.
Cadbury Schweppes announces that it has received a binding
offer from a consortium acting on behalf of the funds managed by
Blackstone Group International and Lion Capital LLP (the
"Consortium") to buy the Group's Europe Beverages business for
€1.85 billion in cash, representing approximately 9.5 times
Europe Beverages' forecast 2005 underlying EBITDA.
Cadbury Schweppes is holding an investor seminar in Dallas,
Texas on 10th and 11th October. Ahead of the seminar, the Group is
also updating the market on recent trading.
Following a strategic review of Europe Beverages, the Board has
decided to focus the Group's financial and management resources on
its confectionery and other beverage businesses.