Deerfield, Illinois and Manila, Philippines, November 30, 2015 – Beam Suntory Inc. today announced it has entered into a definitive agreement to sell its Jerez-based brandy and sherry business to Emperador Inc. The agreement includes the Fundador, Harveys, Terry and Tres Cepas brands, as well as production operations in Jerez and Tomelloso, Spain.
“A recent review of our portfolio of brands and supply chain footprint led us to believe that our Spain-based brandy and sherry business could be of greater value to another company,” said Steve Fechheimer, Head of Strategy and Corporate Development at Beam Suntory. “Our teams in Jerez and Tomelloso are outstanding, and I am confident that the operations and the brands produced there have a very bright future as part of Emperador Inc.”
Emperador Inc. is the world’s largest brandy producer through the Emperador brand. “We are very excited about adding the iconic brands of Fundador (the Philippines’ premier imported brandy brand), Terry Centenario (Spain’s number one selling brandy), Tres Cepas (number one brandy in Equatorial Guinea) and Harveys (number one selling sherry wine in the United Kingdom) to the Emperador portfolio,” said Winston Co, President of Emperador Inc. “We look forward to continuing to invest behind the acquired brands, welcoming the transferring employees to Emperador and engaging with the local community.”
The all-cash transaction was valued at 275 million Euros.
Beam Suntory was advised on this transaction by Rabobank (sole financial advisor), Uria Menendez (legal advisor) and Deloitte (accounting advisor). Emperador was advised on this transaction by Nomura (sole financial advisor), Allen & Overy (legal advisor) and KPMG (accounting advisor).
About Beam Suntory Inc.
As the world’s third largest premium spirits company, Beam Suntory is Crafting the Spirits Brands that Stir the World. Consumers from all corners of the globe call for the company’s brands, including the iconic Jim Beam and Maker’s Mark bourbon brands and Suntory whisky Kakubin, as well as world renowned premium brands including Knob Creek bourbon, Yamazaki, Hakushu and Hibiki Japanese whiskies, Teacher’s, Laphroaig, and Bowmore Scotch whiskies, Canadian Club whisky, Courvoisier cognac, Sauza tequila, Pinnacle vodka, and Midori liqueur.
Beam Suntory was created in 2014 by combining the world leader in bourbon and the pioneer in Japanese whisky to form a new company with a deep heritage, passion for quality, innovative spirit and commitment to Growing for Good. Headquartered in Deerfield, Illinois, Beam Suntory is a subsidiary of Suntory Holdings Limited of Japan. For more information on Beam Suntory, its brands, and its commitment to social responsibility, please visit www.beamsuntory.com and www.drinksmart.com.
About Emperador Inc.
Emperador Inc., the liquor unit of consumer-centric conglomerate Alliance Global Group, Inc. of the Philippines, owned by Dr. Andrew L. Tan, is the world’s largest brandy company. Last year, Emperador acquired Whyte and Mackay Limited, the world’s 5th largest scotch whisky company. Among its prestigious brands are The Dalmore and Jura Single Malt Scotch Whiskies, Whyte & Mackay and John Barr Blended Scotch Whiskies, and Vladivar Vodka. For more information on Emperador and its brands, please visit www.emperadorbrandy.com, www.thedalmore.com and www.jurawhisky.com.