C&C (Cantrell & Cochrane), (ISE: CCR (http://uk.finance.yahoo.com/q?s=CCR.I)) , (LSE: CCR (http://www.londonstockexchange.com/en-gb/pricesnews/prices/Trigger/genericsearch.htm?bsg=true&ns=CCR)) , (Xetra: GCC (http://deutsche-boerse.com/dbag/dispatch/en/isg/gdb_navigation/home/Content_Files/20_overview_pages/cp_sp_overview_xetra.htm?action=ISGFormProcessingAction&eventSubmit_doSimplestocksearch=true&wp=GCC&x=0&y=0)) , is a multi-million euro consumer goods group based in Ireland. Its core brands include Tayto, Ballygowan mineral water, Club Orange and various alcoholic drinks. It also bottles drinks on behalf of other drinks companies. It's core brands have suffered a dramatic decrease in market share in recent years due to cheaper and more aggressive rivals such as Walkers Crisps. It was successfully launched on the ISEQ stockmarket in 2004 after a previous failed flotation in 2003. It is currently headed by former Quinnsworth chief executive Maurice Pratt.
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Drinks group Cantrell & Cochrane, which also owns the Tayto crisp brand, has ruled out an early flotation, due to the current stock market volatility.
Cantrell & Cochrane today reported a sharp drop in annual pre-tax profits, from 48 million euros to 16 million.
O'Brien said the company had invested heavily in Tayto's brand and facilities and had successfully defended its position after the heavily-publicised arrival of competition in the shape of Walkers crisps earler this year.
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