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Nichols Buys Functional Drinks Brand Vithit for EUR75 Million

MT Newswires·08/10/2026 03:22:48
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03:22 AM EDT, 08/10/2026 (MT Newswires) -- Diversified soft drinks company Nichols (NICL.L) acquired functional drinks brand Vithit and its subsidiaries for 75 million euros in cash. The target company logged 26.5 million euros in revenue for 2025, according to a Monday filing. Nichols expects the acquisition to be immediately accretive to earnings and to generate returns exceeding the cost of capital.