Drinks all round
Soft drink supplier Cabana Drinks, part of Vimto maker Nichols in Newton-le-Willows, has sold its northern distributorship in a management buyout backed by a £500,000 package from GE Commercial Finance. Cabana managing director Terry Bates, who has run the business for seven years, and his wife have bought the distributorship through a new company called DJ Drink Solutions and the financing package will help support planned growth. Jon Schofield at Dow Schofield Watts and Cobbetts advised.