ARC Group Worldwide, Inc. (NasdaqCM:ARCW) is set to be acquired by an affiliate of the Labatt family. This would see it become a subsidiary of the firm and establish operations in North America and the Caribbean. Negotiations are at an advanced stage and ARC group Managing Director Graham Harrison said his employees would retain a 'significant' shareholding in the firm following any deal.

Arthur Labatt, said: 'I am absolutely delighted to be able to help ARC expand its services into the North American market.'