Pernod Ricard on Friday confirmed the completion of the sale of SIAS MPA to Butler Capital Partners.

SIAS MPA, the global leader in fruit processing, will henceforth be called ATYS, Pernod said in a statement.

According to the terms of the agreement announced last January, this transaction is based on an enterprise value for SIAS MPA of €170m.

This value could increase for Pernod Ricard by a maximum of €25m dependant upon the future profit achieved by Butler Capital Partners should they choose to exit from this investment.