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11/12/2019
Amber Beverage Group (ABG), the largest alcohol manufacturer and distributor in the Baltics and part of SPI global group, acquired a controlling interest in Mountain Spirits, allowing ABG to establish a powerful footprint in Central Europe as well as the strategically important Alps. This stands in line with the ABG’s strategy on acquisition of new markets and distribution chain expansion.
ABG possesses over a century of experience in production, retailing and distribution of brands such as Moskovskaya® Vodka, Riga Black Balsam® and many more. ABG has a strong and fast growing international business covering over 185 export markets operated from its head office in Luxembourg. The company unites over 2,100 employees in several companies across Europe, Mexico and Australia.
Mountain Spirits – formed in 2004, the company is based in the Tirol region of Austria and focuses its operations on outlets across the Alps. The company has expanded its product range with well-known brands, exceptional premium and interesting trend products from many countries. Founder and owner Markus Panzl has developed the company with a highly motivated, young team over the years into a reliable partner for the food wholesale and retail trade as well as for all important players in the on- and off-trade business in Austria.
BIC Securities acted as a financial adviser to Amber Beverage Group during the acquisition process (limited scope of services).
The terms of the transaction were not disclosed.
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