Way clear for C&C to acquire M&J Gleeson.


C&C is being encouraged to engage with staff at M&J Gleeson in Borrisoleigh as soon as possible to outline their plans for the company.

This follows the decision by the Competition Authority to clear the way for C&C to proceed with its acquisition of Ireland's leading drinks distributor.

C&C, which owns the Bulmers and Magners cider brands, will pay €12.4 million with €4.4 million deferred for a year.

Gleeson's debts of €45.6 million will also be taken up by C&C.

Deputy Michael Lowry says staff have been kept in the dark up to now on what C&C's plans are.