Duvel Moortgat has completed the permanent acquisition of its bankrupt peer Liefmans Breweries in Belgium.

The company confirmed yesterday (24 June) that it has reached an agreement with Liefmans' receivers, and will take control of "a large portion" of the assets of the bankrupt company, including machinery and all Liefmans' brands and recipes.

Duvel, which has also made a binding offer on Liefmans' brewery in Oudenaarde in the country, said it will "concentrate primarily on the brown ales and the fruit beers" brewed by Liefmans. "This way, Duvel Moortgat can complete its existing product portfolio with a fine, authentic and traditional beer brand, in a market segment in which it is not active until now," the company said.

The price of the transaction, including the brewery purchase, was put at EUR4.5m (US$7m) by Duvel.

Liefmans was declared bankrupt in December, while in February, the brewer's receivers were granted the right to farm out Liefman's production capabilities on a temporary basis.