PRESS RELEASE RE: Amathus Drinks PLC & Harry Georgiou Acquires Complete Shareholding of Bablake Wine
It is with great pleasure that we can announce that
from the 1st August 2015 Amathus Drinks PLC & Harry Georgiou
have acquired the complete shareholding of Bablake Wines Ltd from the Wyles
family, who have been renowned members of the UK Drinks trade since 1929.
We are tremendously excited with the acquisition,
and look forward to future opportunities to utilise each others wealth of
experience to create dynamic synergies and continue to make further
developments within the industry.
Amathus is a family-owned fast-growing national drinks
distributor, importer and specialist retailer based in London with a turnover
in excess of £35m and over 100 staff. We currently operate in London & the
Home Counties, Cambridgeshire, Oxfordshire, Birmingham on direct delivery
basis, and via courier to Manchester, Leeds and Liverpool.
Bablake Wines has a fantastic history in the trade,
founded in 1929, it has a turnover in excess of £20m and about 100 staff, and
additionally covers a distribution area from the south coast (from Brighton to
Plymouth), to Bristol, Cardiff, Bath, Gloucester & The Cotswolds, Coventry,
and up to Nottingham and Sheffield.
This strategic acquisition adds momentum to
Amathus’ ambitious growth plans, doubling it’s customer and distribution asset and
furthering its national distribution network. Managing Director &
Shareholder Harry Georgiou is excited with the prospect of maintaining the
family ethos and investing in & helping develop Bablake’s future.
We wish the Wyles family the very best of luck in
their future plans.
The Amathus & Bablake Teams