ABG to acquire Permalko with the UK earmarked as a primary market
Amber Beverage Group is set to acquire the oldest vodka distillery in Russia, and it said the UK is one of the primary markets it plans to focus on.
ABG has confirmed it will complete the acquisition of a controlling interest in one of the oldest producers of spirits in Russia, Permalko.
The company is in the top 20 lists of vodka and spirits producers in Russia, according to ABG, and its spirits are already exported to a number of markets. Its portfolio consists of more than 20 kinds of spirits including vodka, balsam and liqueurs.
Seymour Ferreira, chief executive officer of ABG, confirmed the company plans to retain all of the Permalko operations management team and staff.
He said: “Our strategy is focused on the large markets that will allow us to continue our growth plans. Currently, we have ten primary markets that we are focusing on. These include USA, Canada, Italy, Spain, Portugal, UK, Australia and of course, Russia. Having the Permalko team on board will make our position considerably stronger in this growing market.”
ABG is a producer, distributor and logistics provider and retailer of beverages. It operates internationally from its head office in Luxembourg and from its production and distribution companies in Russia, Mexico, the UK, Australia and the Baltics.
ABG produces, bottles, markets, distributes, exports and retails a range of beverages of more than 600 own and third-arty brands. It has its own brand portfolio of more than 130 brands and it exports its global brands such as Riga Black Balsam, Moskovskaya Vodka, Rooster Rojo Tequila and Cosmopolitan Diva.