Sector News

Amber Beverage Group agrees to acquire Permalko

November 12, 2018
Food & Drink

Amber Beverage Group (ABG) has agreed to acquire Russian spirits producer Permalko for an undisclosed sum.

According to ABG, Permalko is one of the top 20 vodka and spirits producers in the country, and ABG says that the acquisition will significantly enhance its efforts to expand its international presence.

Permalko’s product portfolio contains over 20 spirits including vodka, balsam and liqueurs, and these products are exported to the CIS countries, Europe, the US and Africa.

Seymour Ferreira, CEO of Amber Beverage Group said: “Our strategy is focused on the large markets that will allow us to continue our growth plans.

“Currently we have ten primary markets that we are focusing on. These include the US, Canada, Italy, Spain, Portugal, UK, Australia and, of course – Russia.

“Having the Permalko team on board will make our position considerably stronger in this growing market.”

By Martin White

Source: FoodBev

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