Andrew Tan’s Emperador acquires Spanish brandy maker
MANILA, Philippines – As part of efforts to expand its global reach, Emperador Distillers Inc., a wholly owned subsidiary of Andrew Tan-led Alliance Global Group Inc., has agreed to buy a Spanish brandy maker for an undisclosed amount.
In a statement on Monday, January 14, Emperador announced it signed an agreement with González Byass S.A. to acquire 100% of the latter’s subsidiary, Bodega San Bruno S.A., a brandy company based in Jerez, Spain.
“This acquisition will further strengthen our position as the world's no. 1 brandy company by volume, and help boost our competitiveness as a global brandy producer,” Emperador President Winston Co. said.
González Byass is one of the largest and oldest liquor and wine conglomerates in Spain. Registered since 1942, its unit San Bruno has vineyards in Jerez, the brandy producing region of the country, as well as a sizeable inventory of high-quality brandy stored and aged in sherry casks in its wineries.
“Our acquisition of San Bruno, which will enable us to own one of the world's best brandy stock—some of it quite rare and aged for more than 40 years in the bodegas,” noted Co.
Co did not disclose details of the deal such as the acquisition price.
Emperador is one of the largest liquor companies in the Philippines, selling over 31 million cases of brandy in 2012. - Rappler.com
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