{"id":809622,"date":"2026-08-11T03:12:18","date_gmt":"2026-08-11T03:12:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/809622\/"},"modified":"2026-08-11T03:12:18","modified_gmt":"2026-08-11T03:12:18","slug":"nichols-buys-irish-vitamin-drink-brand-vithit-for-64m-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/809622\/","title":{"rendered":"Nichols buys Irish vitamin drink brand VitHit for \u00a364m | News"},"content":{"rendered":"<p class=\"picture\"><img fetchpriority=\"high\" decoding=\"async\" alt=\"VITHIT BOTTLES\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/08\/402489_vithitbottles_68479_crop.jpg\"   loading=\"eager\" class=\"lazyloaded\" width=\"4724\" height=\"3149\"\/><\/p>\n<p dir=\"ltr\">Vimto manufacturer <a class=\"intextlink\" href=\"https:\/\/www.thegrocer.co.uk\/nichols\/125.subject\" rel=\"intextlink_1 nofollow noopener\" target=\"_blank\">Nichols<\/a> has pounced on Irish vitamin drink brands VitHit in a \u20ac75m (\u00a364m) cash-only deal.<\/p>\n<p dir=\"ltr\">Founded in 2001, VitHit offers a range of low-calorie still and sparkling drinks fortified with vitamins and minerals. It took \u20ac26.5m in sales in the year to 31 December 2025.<\/p>\n<p dir=\"ltr\">The brand has grown rapidly in recent years thanks to growing consumer concern over nutrition, averaging 9.5% growth over the past three years and nearly doubling in size overall since 2021.<\/p>\n<p dir=\"ltr\">It made an adjusted operating profit of \u20ac4.2m and adjusted PBT of \u20ac4.1m last year, and like Nichols uses an asset-light operating model.<\/p>\n<p dir=\"ltr\">Nichols said the <a class=\"intextlink\" href=\"https:\/\/www.thegrocer.co.uk\/mergers-and-acquisitions\/660.subject\" rel=\"intextlink_0 nofollow noopener\" target=\"_blank\">acquisition<\/a> \u2013 subject to approximately \u00a32.5m of transaction costs \u2013 would immediately boost its bottom line.<\/p>\n<p dir=\"ltr\">VitHit\u2019s Dublin office has been retained in the acquisition, and Nichols will be supported by the company\u2019s management team, some of whom will then depart after a \u201csmooth transition\u201d.<\/p>\n<p dir=\"ltr\">VitHit chairman and founder Gary Lavin has stepped aside.<\/p>\n<p dir=\"ltr\">\u201cWith its established market position, alignment with our asset-light operating model, proven profitability and significant headroom for growth, VitHit perfectly fits the acquisition profile we have been looking for and is fully aligned with our long-term growth strategy,\u201d said Nichols CEO Andrew Milne.<\/p>\n<p dir=\"ltr\">He added the brand had built \u201cstrong market positions\u201d in both the UK and Ireland, supported by a differentiated consumer proposition, high customer <a class=\"intextlink\" href=\"https:\/\/www.thegrocer.co.uk\/loyalty\/51.subject\" rel=\"intextlink_2 nofollow noopener\" target=\"_blank\">loyalty<\/a> and \u201cabove all, a great-tasting portfolio\u201d.<\/p>\n<p dir=\"ltr\">\u201cNichols is ideally placed to accelerate VitHit\u2019s development through our commercial capabilities, customer relationships, route-to-market expertise and international infrastructure,\u201d Milne added. \u201cA significant opportunity exists to expand distribution across the group\u2019s existing customer base.\u201d<\/p>\n<p dir=\"ltr\">Lavin said he was proud of VitHit\u2019s achievements after more than 25 years at the helm.<\/p>\n<p dir=\"ltr\">\u201cWe consider Nichols the ideal partner to support the next stage of the brand\u2019s development,\u201d he said.\u00a0<\/p>\n<p dir=\"ltr\">\u201cNichols brings proven brand-building expertise, strong customer relationships and significant commercial capabilities, while sharing our long-term approach to growth.\u201d<\/p>\n<p dir=\"ltr\">\u201cA single-brand story just became two,\u201d said Singer Capital Markets analyst Sahill Shan.<\/p>\n<p dir=\"ltr\">\u201dNichols signposted M&amp;A at its November 2024 capital markets day. Less than two years on, it has delivered. VitHit is asset-light, profitable, health-focused, and Nichols has the distribution to drive it.\u201d<\/p>\n<p>Nichols hiked its dividend by a third in late July, after reporting <a href=\"https:\/\/www.thegrocer.co.uk\/news\/vimto-maker-nichols-hikes-dividend-after-strong-first-half\/721857.article\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">strong first-half results<\/a>.\u00a0Group revenue grew 4.7% in the half year to 30 June 2026, as Nichols took \u00a389.5m in sales, supporting a bump to profits.\u00a0adjusted operating profit increased 3.7% to \u00a314.1m and adjusted profit before tax edged up to \u00a315m.\u00a0<\/p>\n<p>$(document).ready(function() {<br \/>\nif (window.location.pathname == &#8216;\/advertise&#8217;) {<br \/>\n$.getScript(&#8220;https:\/\/tag.clearbitscripts.com\/v1\/pk_6c1cac1dc287e45bfaab20867b193dcb\/tags.js&#8221;);<br \/>\nconsole.log(&#8220;Clearbit Loaded&#8221;);<br \/>\n}<br \/>\n});<\/p>\n","protected":false},"excerpt":{"rendered":"Vimto manufacturer Nichols has pounced on Irish vitamin drink brands VitHit in a \u20ac75m (\u00a364m) cash-only deal. Founded&hellip;\n","protected":false},"author":2,"featured_media":809623,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[97,269],"class_list":["post-809622","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nutrition","tag-health","tag-nutrition"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/809622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=809622"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/809622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/809623"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=809622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=809622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=809622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}