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Stock Spirits gulps down three Czech vodka and gin brands Prazska, Nordic Ice and Dynbyl from Bohemia Sekt

Francesca Washtell
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Stock Spirits is a London-listed vodka, gin and liqueur maker (Source: Getty)

London-listed vodka and liqueur maker Stock Spirits has gulped up three spirits brands from Bohemia Sekt for 135m Czech koruna (£4.5m) in a bid to expand its business in the Czech Republic.

Stock Spirits has swallowed up Prazska vodka, Nordic Ice vodka and Dynbyl, the country's best-selling domestic gin.

The brands will be distributed and marketed by Stock Spirits by the end of the month, while production of the drinks will be fully integrated into the company's Czech production facilities in Plzen by January next year.

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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.

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In July, the troubled Eastern European vodka maker launched two distribution partnerships in Poland with Synergy Group and in Italy and Slovakia with Distell International.

Earlier this year Stock Spirits' management was embroiled in a tug-of-war over the company's strategy with activist shareholder Western Gate Private investments.

In August, the group appointed a new interim chief executive and said it was seeing positive results from refocusing its efforts on its Polish business.

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