Pernod Ricard will become the third largest player by sales value and the fourth largest player by sales volume in the US, following the completion of the Allied Domecq acquisition. Only five years ago the company was ranked number 15.

The completed acquisition doubles the company's sales volume and market share in the US, with the addition of Champagne, rum, cordial and liqueur brands including Kahlua, Malibu, Beefeater, Mumm and Perrier-Jouet, and US distribution rights for Stolichnaya vodka.

Under the final terms of the transaction, in the US, Allied Domecq will initially operate as a wholly owned subsidiary of Pernod Ricard SA for a scheduled duration to allow for the completion of the sale of the Allied Domecq brands to be acquired by Fortune Brands, including Canadian Club, Courvoisier, Sauza and Maker's Mark (pending FTC approval).

Michel Bord, president and CEO of Pernod Ricard USA, said: "This is an exciting and transformative combination for Pernod Ricard USA. Bringing together these energetic and solidly performing industry leaders results in a stronger company with exciting growth opportunities in the U.S. We are confident that Pernod Ricard USA will continue to be one of the most successful and fastest growing players in the US, with a superior brand portfolio as Pernod Ricard USA continues to move ahead in the US market where just five years ago the company was ranked number 15."

Bord continued: "As a company with a remarkable track record of successful integration, we look forward to a smooth combination of our two companies. The cultures of Pernod Ricard USA and Allied Domecq in the US share a commitment to fostering entrepreneurship and innovation and to partnering with distributors to successfully grow brands. Together we will continue to do what we do best: seek and realize opportunities to add value to our portfolio of fine wine and spirits brands.

"We are excited about the many opportunities ahead for Pernod Ricard USA. We also appreciate the dedication of Allied's many talented employees, and will look to provide opportunities within our organization for those employees wherever possible."