Annual report and accounts 2023 - Flipbook - Page 23
Strategic Report
Corporate Governance
Accounts
Building
brands
Aligned to our longstanding growth ambitions,
we were delighted to complete two acquisitions
in December 2022 – Boost Drinks and MOMA
Foods – accelerating the development of
the A.G. Barr Group and further building our
portfolio of differentiated brands.
The Boost brand, founded in 2001, operates
in the high growth functional beverage category
spanning energy, sport and iced coffee, with a
strong market position in the UK independent
retail channel. We are excited about the
significant potential for further growth,
development and operational synergies for
Boost working in partnership with the wider
A.G. Barr Group.
Following our initial majority equity stake
investment in MOMA Foods Limited in
December 2021 we are delighted to have
now taken full ownership of the MOMA
business. With its strong position in the high
growth oat milk category we can now fully
support the MOMA business and brand to
leverage its growth potential even sooner
than originally planned.
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