Last Wednesday, 30th April, AG Barr (LON:BAG), the £770m-capitalised branded multi-beverage group, declared that it is now in discussions with a potential buyer for its Strathmore bottled water business.
Just six weeks ago, the group stated that, as part of its new strategic programme, it was looking to ‘discontinue’ that part of its business.
Barr bought Strathmore from Constellation Brands way back in 2006, paying £15m for the Forfar-based operation.
However, it had been struggling to compete in the last few years – so the decision to close it down, at the cost of some 23 j...
