FRANCE: Pernod Ricard set to snap up Le Maine au Bois

By | 12 February 2013

Pernod Ricard has upped its Cognac production footprint with the purchase of Le Maine au Bois

Pernod Ricard has upped its Cognac production footprint with the purchase of Le Maine au Bois

Pernod Ricard has lined up the purchase of Cognac producer Le Maine au Bois.

The firm, which confirmed last week that it had opened discussions with Le Maine, said earlier today (12 February) that its Martell & Co Cognac division has agreed the deal. Financial details were not disclosed, and no-one was immediately available at Pernod to provide further information.

Le Maine is located in Saint Eugene, in the 'Petite Champagne' area of the AOC Cognac region. The family-owned company “is involved in distillation, storage and trade of eaux-de-vie” in the Cognac region, according to Pernod.

“The company has high-quality eaux-de-vie of all ages and state-of-the-art industrial facilities, notably the distillery Le Maine au Bois,” Pernod added.

The transaction, which should close by the end of June, marks the latest consolidation move by the multi-national spirits companies in France. Late last year, Remy Cointreau signed an agreement to acquire family-owned Larsen Cognac, also for an undisclosed sum.

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Global market review of brandy and Cognac – forecasts to 2016

At over 26,000 words, containing over 40 tables, IWSR's proprietary brand volumes and market forecasts, exclusive interviews with the top global brands, and including all the invaluable insight you have come to expect from the drinks publishing experts IWSR and just-drinks, this report is essential reading and provides fundamental market and brand data for your market planning and analysis work on this category.

Sectors: Mergers & acquisitions, Spirits

Companies: Pernod, Ricard, Martell, Cointreau, Remy

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