Latest news with #Cumbernauld-based
Wales Online
6 days ago
- Business
- Wales Online
Welsh football star's £15m payday after becoming businessman
Welsh football star's £15m payday after becoming businessman Hal Robson-Kanu was one of the Wales Euro 2016 side's heroes but has gone on to a whole different type of success after quitting the game Footballer Thomas Hal Robson-Kanu is the founder of Turmeric Co (Image: Turmeric Co) The nutritional drinks firm of former Welsh football star Hal Robson-Kanu, Innate-Essence, has been majority bought by top beverage manufacturer AG Barr in a £15m deal. Innate-Essence is the company behind the Turmeric Co and Raw Hydrate brands. Mr Robson-Kanu revealed his inspiration to start the business came from the role turmeric shots played in his recovery from a potentially career-ending knee injury. Both parties have stated that the initial £15m investment for a 51.1% stake will be used to "turbo-charge" global expansion, further develop the brand's retail proposition, and invest more deeply into marketing. The company's growth so far has been supported by monthly recurring subscriptions, successful nationwide launches in Sainsbury's and Ocado, and placement in David Lloyd Clubs. It has also formed strategic partnerships with Premier League teams such as Everton and Brentford, Premiership Rugby teams Sale Sharks and Leicester Tigers, and British Gymnastics. BDO and Pinsent Masons provided advice to Innate-Essence on the investment by the Cumbernauld-based and London Stock Exchange listed drinks giant, reports BusinessLive. Chief executive of Innate-Essence Mr Robson-Kanu said: "I created the brand as a convenient and great-tasting way to support wellness-conscious individuals and sportspeople like me. "We've had a remarkable few years but with this latest milestone and such heavyweight backing, it feels like our journey is just beginning – we've unlocked a new level. "The international potential is huge and we can't wait to see what we achieve next. Article continues below "BDO's understanding of our sector and merger and acquisition expertise has been key to our success and getting this investment over the line." AG Barr's flagship soft drink brands include household names Irn-Bru and Boost. In a trading update to the London Stock Exchange the Scottish firm revealed that first half 2025-26 revenues are anticipated to reach approximately £228m, marking a 3% increase from the £221.3m recorded in the first half of 2024-25.
STV News
30-07-2025
- Business
- STV News
Jobs at Strathmore bottled water saved after takeover
Bottled water firm Strathmore, part of the company behind Irn Bru, has been saved from closure after it was bought by a Welsh firm. The takeover by Ty Nant has saved all 23 jobs at the company, as they promised to invest in the Forfar factory's long-term future. The firm was bought by Irn Bru maker AG Barr in 2006, but earlier this year it was announced it was axing Strathmore Water as the brand was 'no longer sustainable'. The news came after the Cumbernauld-based drinks group – whose brands also include Rubicon, Boost and Funkin – reported a 15.8% increase in adjusted profit before tax to £58.5m. Councillor Linda Clark, Angus Council, responding to the takeover, said: 'I think it's wonderful news. 'It's so good that someone has come along with confidence now because that's a good brand, a local brand, a special product. 'That's 23 souls saved. I want to see people here, there are a lot of people who start here as a young loon or a quine and they get their training and also sorts of things. 'I've never heard a bad word so this is really good news.' Get all the latest news from around the country Follow STV News Scan the QR code on your mobile device for all the latest news from around the country
