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.
- Interview - Beam Suntory's EMEA president
- Beckham, Diageo and the Allure of the VIP Pop-Up
- Interview - William Grant & Sons
- What do A-B InBev results mean for SABMiller deal?
- Interview - Beam Suntory's EMEA head - part II
- Diageo, Beckham launch VIP pop-up for Haig Club
- Diageo reveals US$400m Tequila investment
- Pinnacle Vodka, Skinnygirl roll out on ice
- Diageo completes Don Julio, Bushmills swap deal
- Beam Suntory strikes new Baltics tie-up
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends research
- Wine, 2014 and the future
- Beam Suntory Inc. - Strategy and SWOT Report
- Global RTD/RTS insights - market forecasts, product innovation and consumer trends research
- Spirits and RTDs, 2014 and the future