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Stock Spirits

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Stock Spirits Group
Company typePrivately held company]
IndustryBeverage
Founded1884
HeadquartersWarsaw, Poland
Key people
Jean-Christophe Coutures, CEO[1]
Revenue274,601,000 Euro (2017) Edit this on Wikidata
29,881,000 Euro (2017) Edit this on Wikidata
11,329,000 Euro (2017) Edit this on Wikidata
Total assets682,825,000 Euro (2017) Edit this on Wikidata
Number of employees
998 (2020)
Websitewww.stockspirits.com/

Stock Spirits Group founded in 1884 in Trieste, Italy, is among the largest alcohol beverage companies in Europe. It offers portfolio of more than 70 brands, present in over 50 countries worldwide including the US and Canada.[2] As of November 2022 Stock Spirits Group is owned by the private equity CVC Advisors.[3]

History

The company's key brands, Polmos Lublin and Wódka Żołądkowa Gorzka were established in Poland in 1906 and 1950 respectively.[4] Oaktree Capital Management acquired Polmos Lublin in 2006 and merged it with Eckes & Stock, a business founded in the Czech Republic as Camis & Stock by Lionello Stock in Trieste in 1884, to create Stock Spirits Group in 2008.[5] The company was the subject of an initial public offering in October 2013.[6]

On 12 August 2021, Stock Spirits' board of directors accepted a £767 million takeover bid by private equity firm CVC Advisers, whereby shareholders would receive 377p per share. The deal is expected to complete by early 2022, if shareholders vote in favour. Shares rose above the offer price, suggesting some investors anticipated a rival bid.[7]

Operations

The company produces and sells mainly in Poland, the Czech Republic, Italy, Slovenia and Croatia.[8]

References

  1. ^ "Group leadership team". www.stockspirits.com. Retrieved March 15, 2023.
  2. ^ "Stock Spirits agrees £767m takeover by private equity firm CVC". thetimes.co.uk. Retrieved March 15, 2023.
  3. ^ "CVC funds to buy European vodka maker Stock Spirits for $1 bln". Reuters.com. Retrieved March 15, 2023.
  4. ^ "Heritage". Stock Spirits Group. Archived from the original on 10 August 2014. Retrieved 7 August 2014.
  5. ^ "Stock Spirits' largest shareholder Oaktree exits in £200m sell-off". City AM. 9 April 2014. Retrieved 7 August 2014.
  6. ^ "Stock Spirits to Be Valued at Maximum of $835 Million in IPO". Bloomberg. 8 October 2013. Retrieved 7 August 2014.
  7. ^ "Stock Spirits accepts £767m takeover approach from CVC". The Independent. 12 August 2021. Archived from the original on 2022-05-25.
  8. ^ "Stock Spirits Group". 8 October 2013.
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