US: Scottish Spirits Group, Arkay Beverages gear up for public trading
Arkay Beverages produces alcohol-free whiskey
Two US drinks firms - Scottish Spirits Group and Arkay Bevereges - are getting ready to go public.
The companies, both owned by Reynald Grattagliano, said yesterday (10 September) they have hired lawyers Hamilton & Associates ahead of their flotation. Scottish Spirits VP Jean Paul Benizri told just-drinks the flotation will not take place for at least three months, without giving further details.
Delaware-based Scottish Spirits produces Scotch whisky in a 35.5cl resealable can and the Genie range of spirits in a can. It has a production capacity of up to 144 million cans per year, the company said.
Florida-based Arkay Beverages makes alcohol-free whiskey.
“(Hamilton & Associates') expansive understanding of US and European securities laws and going public transactions brings us specialised representation as we enter our period of growth and becoming publicly traded,” Grattagliano said.
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