FRANCE: Pernod Ricard set to snap up Le Maine au Bois
Pernod Ricard has upped its Cognac production footprint with the purchase of 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.
Over the last 10 years of rapid acquisitions, Pernod Ricard has built a strong portfolio of premium brands on a global scale. Most of its brands enjoy a leading position in international markets. The ...
- Pernod's Portman Group penalty - a coincidence?
- A tobacco analogy soft drinks will want to embrace
- just The Preview - SABMiller's Q1
- just Five Years Ago: A-B InBev sells Oriental
- Comment - Coke Life: Hit or Miss?
- Diageo faces public consultation over W&M sale
- Remy posts Q1 sales drop as Edrington loss bites
- William Grant silent on Drambuie bid talk
- Bacardi to fight US football team legal action
- Distell to take 26% stake in spirits firm KHEAL