Philippine drinks giant Emperador acquires Spain-based brandy maker
Philippine Daily Inquirer/Asia News NetworkTaipan Andrew Tan has taken a crucial step toward overseas expansion with the acquisition by his beverage unit Emperador Distillers Inc. of Bodega San Bruno S.A., a brandy company based in Jerez, Spain.
January 16, 2013, 12:17 am TWN
Emperador, the wholly owned beverage subsidiary of Tan's Alliance Global Group Inc., has signed a deal to buy the Spanish brandy maker from Gonza'lez Byass S.A., one of the biggest and oldest liquor and wine conglomerates in Spain.
In a disclosure to the Philippine Stock Exchange on Monday, AGI said Emperador would acquire a 100-percent interest in Bodega San Bruno. The deal includes the acquisition of the San Bruno trademark, which has been registered since 1942. It also comprises vineyards in Jerez, the brandy-producing region of Spain, as well as a sizable inventory of high-quality and well-matured brandy now being stored and aged in sherry casks in the bodegas, or wineries, in Jerez. The price consideration was not disclosed.
Tan's beverage unit is the leading Philippine liquor firm in terms of sales volume and the biggest-selling brandy brand in the world also by volume.