MANILA, Philippines - Tycoon Andrew Tan's liquor company Emperador Distillers Inc. on Monday said it is acquiring a Spanish brandy company.
In a statement, Emperador said it entered into an agreement with González Byass S.A., one of the largest liquor and wine conglomerates in Spain, to acquire the latter's subsidiary Bodega San Bruno S.A.
Emperador, a subsidiary of Tan's Alliance Global Group Inc., will buy a 100% interest in Bodega San Bruno. The value of the deal was not disclosed.
The deal includes the San Bruno trademark, which has been registered since 1942, as well as vineyards in Jerez, Spain and an sizeable inventory of high-quality and well-matured brandy.
"We are very pleased with our acquisition of San Bruno, which will enable us to own one of the world’s best brandy stock—some of it quite rare and aged for more than 40 years in the bodegas. This acquisition will also further strengthen our position as the world’s No. 1 brandy company by volume and help boost our competitiveness as a global brandy producer," Winston Co, Emperador president, said in a statement.
In 2012, Emperador sold more than 31 million cases of brandy in 2012. Its brands include Emperador Brandy, Emperador Light and The BaR flavored alcoholic drinks.