Remy Cointreau and Altia Reach Agreement for Altia to Purchase Larsen Cognac
PARIS -- June 10, 2013
Regulatory News :
Rémy Cointreau (Paris:RCO) announces that an agreement has been signed with
the Nordic group Altia in respect of the transfer of Larsen Cognac, including
the brand, industrial and commercial assets and inventories necessary for the
entity to operate as a going concern.
Founded in 1926 by Jean Larsen, Larsen is one of the major producers of AOC
Cognac with a unique range of premium products.
This acquisition will enable Larsen to benefit from Altia’s expertise as the
leading Finnish wine and spirits company in the Nordic and Baltic countries,
where Larsen has historically positioned itself as a key Cognac brand.
Completion of the transaction remains subject to authorisation and disclosure
procedures in accordance with current regulations. Finalisation of the
transaction is expected to occur within three months.
Altia is the leading wine and spirits company offering quality brands in the
Nordic and Baltic countries. Altia produces, markets, sells, imports and
exports alcoholic beverages in its trading area.
Altia’s own brands such as Renault, 1-Enkelt, Blossa, Chill Out, Grönstedts,
Koskenkorva, OP Anderson and Xanté have a strong market position and a
Altia’s partner brands represent both local and international brands from all
over the world, including Codorníu, Drostdy-Hof, Hardy’s, Jack Daniel’s,
Bowmore, Nederburg, Ravenswood and Robert Mondavi. Altia serves its consumers,
customers and partners with its strong production, sales and logistic
capacity. Annual net sales amount to approximately €500 million and the total
workforce is approximately 1,100.
Frédéric Pflanz (Analysts) Tel: +33 1 44 13 44 34
Joëlle Jézéquel (Press) Tel: +33 1 44 13 45 15
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