Stock Spirits buys Prazska vodka, Nordic Ice and Dynbyl gin

12 October, 2016

Stock Spirits Group has bought three spirits brands from Bohemia Sekt for €5m/ CZK135 million (Czech Koruna).

The leading owner and producer of premium branded spirits and liqueurs that are principally sold in central and eastern Europe has added Prazska vodka, Nordic Ice (vodka and flavours) and Dynybyl gin to its portfolio.

Stock says Prazska is a well-known Czech vodka brand while Dynybyl is the country’s best-selling domestic gin.

The company says these additions will bolster Stock’s portfolio, delivering a more compelling offering to the company’s wholesale and retail customer base in the Czech market.

The purchase is in line with Stock’s stated strategy of expanding its portfolio in its target markets through bolt-on acquisitions that enhance shareholder value.

It is expected that by the end of the month, the brands will be distributed and marketed by Stock Spirits while production will be fully integrated into Stock Spirits’ Czech production facilities in Plzeň by January 2017.

Stock Spirits’ chief executive Mirek Stachowicz said: “We are delighted to add Prazska, Nordic Ice and Dynybyl to our line-up, having tracked these brands for some considerable time. They have a rich heritage and, with the appropriate brand investment and nurturing within our wider spirits portfolio, their addition will ensure Stock remains at the forefront of the Czech spirits market, which is so central to our business. As we stressed in our interim results announcement, we will continue to pursue further smaller bolt-on acquisitions to add to our brands line-up,” he said.

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