A.G. Barr

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A.G. Barr plc
Type Public
Traded as LSEBAG
Industry Beverages
Founded 1875
Founders Robert Barr
Headquarters Cumbernauld, North Lanarkshire, Scotland, UK
Key people Ronnie Hanna, Chairman
Roger White, Chief Executive
Products Irn-Bru
Tizer
Red Kola
Barr Cola
D'n'B
KA
American Cream Soda
Cherryade
Saint Clement's
Lemonade
Ginger beer
Limeade
Lipton Iced Tea
Orangina
Shandy
Raspberryade
Appleade
Bubblegum (Limited Edition)
Revenue £237.6 million (2013)[1]
Operating income £34.9 million (2013)[1]
Net income £25.6 million (2013)[1]
Employees 930 (2012)[2]
Website www.agbarr.co.uk

A.G. Barr plc, commonly known as Barr's, is a Scottish soft drink manufacturer, based in Cumbernauld, North Lanarkshire, Scotland. It is particularly notable for the manufacture of the popular Scottish drink, Irn-Bru. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

The company was founded in 1875 by Robert Barr in the town of Falkirk.[3] In 1887 his son, Robert Fulton Barr, set up a division of the original company in Glasgow, which had a much larger population.[3] Then in 1892 the Glasgow branch passed to Andrew Grieg Barr, a brother of the founder of that branch.[3] Irn-Bru was first launched in 1901.[3] The Falkirk and Glasgow divisions merged in 1959.[3] The Company was first listed on the London Stock Exchange in 1965.[3] In 1972, the Tizer brand was purchased.[3] The year 1980 saw the introduction of Low Calorie Irn-Bru: this changed its name in 1991 to Diet Irn-Bru, and then in 2010 to Irn-Bru sugar free. In 2001 the company acquired Findlays Mineral Water which is sourced in the Lammermuir Hills.[4]

In 2002 Roger White joined A. G. Barr as managing director and in 2004 became Barr's first ever non-family chief executive.[5]

The Company acquired Forfar based Strathmore Mineral Water in May 2006.[6] The Irn-Bru 32 energy drink variant was launched in 2006.[3] In 2008 the company purchased the Taut sports drink range[7] and exotic fruit drink company Rubicon.[8]

On 14 November 2012 the Company agreed to merge with Britvic, which produces drinks like J2O, Tango and Robinsons, as well as holding the authority to produce Pepsi for the UK market, to create one of Europe's largest soft drinks companies.[9] On 11 July 2013, AG Barr Chairman Ronnie Hanna announced that the proposed merger of Britvic and AG Barr had been abandoned. His words were ""While we are disappointed that the opportunity to create significant value for both sets of shareholders has been rejected, the Board of AG Barr has every reason to be confident of its position as a stand-alone company."[10]

Operations[edit]

A.G. Barr produces a variety of soft drinks from production sites at Cumbernauld, Forfar, Tredeger, Milton Keynes and Pitcox.[2]

References[edit]

  1. ^ a b c Preliminary Results 2013
  2. ^ a b A G Barr: About Us
  3. ^ a b c d e f g h "History". A.G. Barr. 
  4. ^ A.G. Barr buys up Findlays The Scotsman, 27 December 2002
  5. ^ The Big Profile: Roger White Insider Magazine, 25 November 2008
  6. ^ William Lyons (28 May 2006). "Barr hopes water deal will help it fizz again". The Scotsman. 
  7. ^ Jeremy Lemer (25 January 2008). "AG Barr grows in sports drinks". Financial Times. 
  8. ^ Loulla-Mae Eleftheriou-Smith (29 September 2010). "AG Barr profits bolstered by exotic fruit drink Rubicon". Marketing Magazine. Haymarket. 
  9. ^ "AG Barr and Britvic agree to merger". BBC. 14 November 2012. Retrieved 14 September 2014. 
  10. ^ "AG Barr abandons bid for Britvic". BBC News (BBC). 11 July 2013. Retrieved 8 August 2013. 

External links[edit]