The US drinks distributor, Peacock Corp., is to acquire a 65% stake in the Polish vodka producer, Podlaska Wytwonia Wodek Polmos SA, known as Polmos Siedlce, following a privatisation deal agreed with the Polish government and worth in excess of PLN15m.

Under the deal, Peacock Corp. agreed to increase Polmos' share capital by PLN4 billion, with the funds earmarked for capital expenditure and brand marketing. Siedlce is best known for its exported vodka brand, Chopin, but also markets the Universum and Alpejska brands in the Polish market.