The French liqueur and spirits producer Marie Brizard & Roger International (MBRI) is close to acquiring the Bordeaux-based spirits company William Pitters International from its owner, Bernard Magrez, the French press reported.

The deal, for an undisclosed sum, will reportedly take Marie Brizard's spirits business to nearly 40% of the total group's turnover.

The two companies have signed an agreement for Marie Brizard to acquire all of the William Pitters shares, which still has to be approved by the French Economy Minister.

William Pitters International is the French market leader in Scotch whisky under the William Peel brand. It also owns the San Jose-branded Tequila, and Pitterson cocktails.