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Emperador to buy Mexico's top brandy, expands to Latin America

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Michelle Ong, ABS-CBN News

MANILA - (UPDATE) The Philippines&#x27; Emperador Inc., the world&#x27;s largest brandy company, is expanding into Latin America with its acquisition of three Mexican brands, the company announced on Monday.Through its Spanish subsidiary Bodegas Las Copas, Emperador is buying the Presidente, Azteca de Oro and Don Pedro brands of Mexico&#x27;s Pernod Ricard, the company said.Emperador, controlled by Filipino billionaire Andrew Tan, did not disclose further details of the transaction, which will enable the company to tap into the region of 600 million people.<ul class="op-related-articles">	<li><a href="http://news.abs-cbn.com/business/v2/08/17/16/filipino-companies-gobble-up-the-world-with-chips-burgers-spirits">MULTIMEDIA: Filipino companies gobble up the world with chips, burgers, spirits</a></li></ul>&quot;We feel that through this new acquisition, we will be able to bring a Filipino product like Emperador to Latin America. The game plan is to bring, put Emperador and the Philippines on the global map,&quot; Kevin Tan, executive director of Emperador parent Alliance Global, told ABS-CBN News.Tan said a growing middle class in the Philippines has created demand for premium spirits, opening possible growth opportunities for Emperador.He said the company plans to expand its business in China and India is in its radar.In February, Emperador completed its purchase of the brandy and sherry businesses of <a href="http://news.abs-cbn.com/business/03/02/16/emperador-takes-over-286-year-old-bodegas-fundador">Beam Spain S.L.</a>, which includes the iconic Fundador brand.In 2014, the company bought British whisky manufacturer <a href="http://news.abs-cbn.com/business/05/11/14/emperador-buys-whyte-and-mackay-scotch-whisky">Whyte and Mackay</a>.

The Philippines' Emperador Inc., the world's largest brandy company, is expanding into Latin America with its acquisition of three Mexican brands, the company announced on Monday.

The Philippines' Emperador Inc., the world's largest brandy company, is expanding into Latin America with its acquisition of three Mexican brands, the company announced on Monday.

Emperador to buy Mexico's top brandy, expands to Latin America

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Emperador to buy Mexico's top brandy, expands to Latin America

Michelle Ong,

ABS-CBN News

Published Dec 05, 2016 12:56 AM PHT

|

Updated Dec 05, 2016 03:44 PM PHT

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Emperador

Mexico

Pernod Ricard

mergers and acquisitions

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