USA: Brown-Forman Corporation Announces Successful Closing of Finlandia Vodka Acquisition
Brown-Forman Corporation (NYSE: BF) announced today it has successfully closed the acquisition of 45% of the common stock of Finlandia Vodka Worldwide Ltd (FVW), a joint venture between Brown-Forman and the Altia Group Ltd of Finland. Finlandia Vodka Worldwide is the owner of Finlandia Vodka, a premium Finnish vodka sold in more than 75 countries around the world.In June, Brown-Forman Corporation and Altia Group announced the formation of a global alliance to market and sell Finlandia Vodka. Altia transferred the Finlandia trademark and marketing and distribution assets to Finlandia Vodka Worldwide Ltd (FVW), now owned 55% by Altia and 45% by Brown-Forman. Brown-Forman now serves as Finlandia's distributor or representative in all markets other than Finland and the Nordic countries, the Baltic States, the Czech Republic and Poland. Brown-Forman had been Finlandia's distributor in the United States since 1996.Brown-Forman Corporation is a diversified producer and marketer of fine quality consumer products, including Jack Daniel's, Canadian Mist, Southern Comfort, Fetzer and Bolla Wines, Korbel California Champagnes, Lenox, Dansk, and Gorham tableware and giftware, and Hartmann Luggage.
August 3, 2000