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.
The all-cash transaction was valued at 275 million euros.
■Description of Business: 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.