<article>A unit of Philippine liquor giant <a style="color: #000080">Emperador Inc</a> has acquired Spain&#8217;s largest and oldest brandy brand <a style="color: #000080" href="http://www.beamsuntory.com/brands/fundador" target="_blank">Fundador</a> from Beam Suntory Inc including its sheer business for $291 million (EUR275 million).</article>

A unit of Philippine liquor giant <a style="color: #000080">Emperador Inc</a> has acquired Spain&#8217;s largest and oldest brandy brand <a style="color: #000080" href="http://www.beamsuntory.com/brands/fundador" target="_blank">Fundador</a> from Beam Suntory Inc including its sheer business for $291 million (EUR275 million).
Emperador disclosed its company Grupo Emperador Spain SA has reached a definitive agreement with <a style="color: #000080" href="http://www.beamsuntory.com/">Beam Suntory</a> for the acquisition in Jerez de la Frontera, the brandy capital of Spain.
Emperador president Winston Co said, the latest acquisition will further strengthen Emperador&#8217;s position as the number one brandy company in the Philippines and in the world.
&#8220;The purchase of the Spanish assets and Fundador Brandy is immediately accretive to Emperador’s revenue and net income,&#8221; Co said. &#8220;With the combined global reach of Whyte and Mackay and Fundador, our expanded product portfolio will have access to more than 100 countries internationally. In our pipeline are several proudly Philippines-made products that we intend to introduce to the international markets starting next year.&#8221;
Also read: <a href="http://www.dealstreetasia.com/stories/gic-invests-391m-to-buy-9-64-in-emperador-729/" target="_blank"><a>GIC invests $391m to buy 9.64% in Emperador</a></a>
The purchase includes the iconic brands of Fundador, the Philippines’ best-selling premium imported brandy; Terry Centenario, Spain’s number one selling brandy; Tres Cepas, the number one brandy in Equatorial Guinea and Harveys, the number one selling sherry wine in the United Kingdom. All the brands carry a unique heritage and market leading position. Fundador Brandy has been a true Filipino icon for more than 150 years.
The purchased assets, meanwhile, include Spain’s largest and oldest brandy cellars, Bodegas Fundador, which was established in the year 1730 and production facilities, ageing cellars, vineyards and state of the art blending and bottling facilities in Jerez. The assets also include a brandy distillery at Tomelloso as well as sufficient ageing inventory of brandy and sherry to drive future growth.
Emperador Inc was assisted in this asset purchase by Nomura (sole financial advisor), Allen &amp; Overy (legal advisor) and KPMG (accounting advisor).
Also read: <a style="color: #ff0000" href="http://www.dealstreetasia.com/stories/phs-liquor-group-emperador-pay-off-debt-expand-2015-3662/" target="_blank">PH liquor giant Emperador to pay off debt, expand to EU &amp; Africa </a>
In November last year, Singapore’s sovereign wealth fund GIC Private Ltd bought almost a 10 per cent stake in Emperador for P17.6 billion pesos ($391 million), its third direct investment in the Philippines in 2014.
Emperador generated 45 per cent more in revenues from January to September 2015 compared to the same period of 2014. Its consolidated revenues this year amounted to P29 billion, inclusive of foreign operations. Net income reached P4.7 billion this year, up about 3 per cent year-on-year.
Emperador&#8217;s last trading price inreased 1.42 per cent or 0.130 to close at P9.28.
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A unit of Philippine liquor giant Emperador Inc has acquired Spain's largest and oldest brandy maker Fundador brandy from Beam Suntory Inc including its sheer business for $291 million (EUR275 million).

PH liquor major Emperador buys Fundador brandy from Beam Suntory for $291m

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PH liquor major Emperador buys Fundador brandy from Beam Suntory for $291m

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