Amber Beverage Group will take a majority share in Think Spirits

Amber Beverage Group will take a majority share in Think Spirits

SPI's Amber Beverage Group division has agreed to acquire a majority share in an Australian spirits distributor.

ABG said today that it expects to complete the stake purchase in Think Spirits Australia next month. The company said MD Patrick Borg, along with his team, will remain in place.

"We are very excited to have Patrick and his ... team at Think Spirits join ABG," said Amber's CEO, Seymour Ferreira. "I am certain that the addition of Think Spirits will enable us to accelerate our drive to build a global platform for our brands."

Borg added: "Our companies share similar values and we believe the partnership will give us access to other brands within the group, allowing us to further strengthen our portfolio and teams for the benefit of both existing and new brand owners."

Share size and financial details were not disclosed. 

Earlier this month, ABG appointed two new members to its board

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