Profits at Nichols, the maker of Vimto, Sunkist and Panda soft drinks, surged by almost a quarter in the past year.
The soft drinks giant reported pre-tax profits of £15.1m last year, up 23 % on 2009.
Sales at the group grew by 16% to £83.9m, partly driven by rapid growth in the emerging markets of Africa and the Middle East.
Chairman John Nichols called 2010 “another outstanding year” for the group “despite the difficult economic environment”. “We made excellent progress and were well ahead of 2009, which was also a record year for us and therefore a tough target to beat,” he said.
Nichols also announced today acquisition of the remaining 50% share of drinks dispenser equipment manufacturer Dayla Liquid Packaging as part of a move to boost sales on dispense.
It has also acquired the rights to produce the Caribbean-inspired soft drinks range developed by Reggae Reggae sauce creator Levi Roots.
Vimto targets teens on the go (Convenience Store; 21 January 2011)
Vimto maker Nichols trumpets strong end to 2010 (6 January 2011)