C&C Group Acquires Wallaces Express Business Outright

18 Mar 2014 --- C&C Group has acquired the remaining 50% stake in Wallaces Express, Scotland's largest wines and spirits wholesaler.

The move to acquire the business outright follows C&C Group's purchase of a 50% stake in the business in March 2013.

Wallaces Express will be branded as Wallaces TCB.

"Since taking a 50% stake in Wallaces Express a year ago, we have worked to provide our customers with a one-stop shop for all their alcoholic and soft drinks needs as part of our strategy of developing a multi-beverage platform in the Scottish drinks market," said John Gilligan, MD of Tennent Caledonian Breweries. "Our decision to acquire the business outright represents further investment by C&C in Scotland and is the latest stage of our plans to put customers at the heart of our support for the independent on-trade."