US giant eyes Absolut
Paul O'Mahony - [email protected]
Published: 10 Nov, 2006 CET.
Updated: Fri 10 Nov 2006 17:25 CET
With Sweden's centre-right government talking of selling out state-owned companies, American drinks producer Constellation Brands is casting interested glances at Vin & Sprit.
Constellation Brands aims to grow in Europe and is looking closely at Vin & Sprit and its bestselling brand Absolut Vodka.
"The Swedish market itself is one of those expansion markets so the wine and spirits distribution within Sweden ... the brands distributed in Sweden ... and brands like Absolut that are produced in Sweden certainly have an interest to us," Constellation CEO Richard Sands told Reuters.
The chief executive adds that Vin & Sprit is just one of many possible acquiistions.
"The other ones aren't as public," said Sands.
Over the last three years Constellation has invested over 4 billion dollars in an international expansion that has included acquisitions in Australia, Mexico, Canada and the USA.
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Constellation Brands aims to grow in Europe and is looking closely at Vin & Sprit and its bestselling brand Absolut Vodka.
"The Swedish market itself is one of those expansion markets so the wine and spirits distribution within Sweden ... the brands distributed in Sweden ... and brands like Absolut that are produced in Sweden certainly have an interest to us," Constellation CEO Richard Sands told Reuters.
The chief executive adds that Vin & Sprit is just one of many possible acquiistions.
"The other ones aren't as public," said Sands.
Over the last three years Constellation has invested over 4 billion dollars in an international expansion that has included acquisitions in Australia, Mexico, Canada and the USA.
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