Stock Spirits gets Diageo distribution deal in 2014

 
Oliver Smith
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NEWLY-listed premium vodka distributor Stock Spirits Group reported strong volume growth yesterday while a new distribution agreement with Diageo will see it become the exclusive seller of the producer’s drinks in the Czech Republic.

“Our two portfolios are very complementary and this will certainly strengthen our position at the more premium end of the market,” said Stock Spirits chief executive Christopher Heath.

Stock Spirits saw its volumes grow six per cent in its third quarter with its market share continuing to grow in Poland and the Czech Republic.

Heath said that the company has used its recently raised capital from its float to pay down debt and will now look for expansion opportunities. The company’s share price rose 0.6 per cent yesterday to 252p.