Stock Spirits Group PLC Acquisition (3687M)
12 October 2016 - 9:51PM
UK Regulatory
TIDMSTCK
RNS Number : 3687M
Stock Spirits Group PLC
12 October 2016
Stock Spirits Group PLC
Acquisition of Prazska vodka, Nordic Ice and Dynbyl gin in Czech
Republic
London and Prague, 12 October 2016: Stock Spirits Group ("Stock"
or "the Company"), a leading owner and producer of premium branded
spirits and liqueurs that are principally sold in Central and
Eastern Europe, is pleased to announce the acquisition of three
spirits brands from Bohemia Sekt s.r.o for CZK135 million (Czech
Koruna) / EUR5 million (Euros, FX rate: 27.02) to further
strengthen the Company's business in the Czech Republic.
The brands being acquired are Prazska vodka, Nordic Ice (vodka
and flavours) and Dynybyl gin. Prazska is a well-known Czech vodka
brand while Dynybyl is the country's best-selling domestic gin.
These additions will bolster Stock's portfolio, delivering a more
compelling offering to the Company's wholesale and retail customer
base in the Czech market.
The purchase is in line with Stock's stated strategy of
expanding its portfolio in its target markets through bolt-on
acquisitions that enhance shareholder value.
It is expected that by the end of the month, the brands will be
distributed and marketed by Stock Spirits while production will be
fully integrated into Stock Spirits' Czech production facilities in
Plze by January 2017.
Mirek Stachowicz, Chief Executive of Stock Spirits, said: "We
are delighted to add Prazska, Nordic Ice and Dynybyl to our
line-up, having tracked these brands for some considerable time.
They have a rich heritage and, with the appropriate brand
investment and nurturing within our wider spirits portfolio, their
addition will ensure Stock remains at the forefront of the Czech
spirits market, which is so central to our business. As we stressed
in our interim results announcement, we will continue to pursue
further smaller bolt-on acquisitions to add to our brands
line-up."
For further information:
Stock Spirits Group: +44 (0) 1628 648 500
Lesley Jackson
Mirek Stachowicz
About Stock Spirits Group
Stock Spirits is one of Central and Eastern Europe's leading
branded spirits and liqueurs businesses, and offers a portfolio of
products that are rooted in local and regional heritage. With core
operations in Poland, the Czech Republic, Slovakia, Italy, Croatia
and Bosnia & Herzegovina, Stock also exports to more than 40
other countries worldwide. Global sales volumes currently total
over 100 million litres per year.
Stock has state of the art production facilities in Poland and
the Czech Republic, and its core brands include products made to
long-established recipes such as Stock 84 brandy, Fernet Stock
bitters and Limonce, as well as more recent creations like Stock
Prestige and Zoladkowa de Luxe vodkas.
Stock is listed on the main market of the London Stock Exchange.
For the year ended 31 December 2015 it delivered total revenue of
EUR262.6m and operating profit of EUR41.7m.
For further information please visit www.stockspirits.com
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQMTBMTMBIBBLF
(END) Dow Jones Newswires
October 12, 2016 06:51 ET (10:51 GMT)
Stock Spirits (LSE:STCK)
Historical Stock Chart
From Apr 2024 to May 2024
Stock Spirits (LSE:STCK)
Historical Stock Chart
From May 2023 to May 2024