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15/05/2017
Amber Beverage Group (ABG), the largest alcohol manufacturer and distributor in the Baltics and part of SPI global group, acquired a significant minority stake in Cellar Trends, allowing the Company to significantly increase its position on the UK market. This stands in line with the ABG’s strategy on acquisition of new markets and distribution chain expansion.
ABG possesses over a century of experience in production, retailing and distribution of brands such as Moskovskaya® Vodka, Riga Black Balsam® and many more. ABG has a strong and fast growing international business covering over 50 export markets operated from Riga, Latvia and Tequila, Mexico. The company unites over 1,400 employees in several companies across the Baltics and in Mexico.
The Cellar Trends are the UK's leading independent distributor of alcohol brands, with a portfolio boasting a wide range of leading wines, spirits, beers and associated products. This partnership will not only lead to Amber Beverage Group business expansion but also provide Cellar Trends access to new products and strengthen its brand portfolio.
BIC Securities acted as a financial adviser to Amber Beverage Group during the acquisition process.
The terms of the transaction were not disclosed.
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