CEO Bob Kunze-Concewitz said: “With Carolans, Frangelico and Irish Mist, we add a high-quality and profitable business with upside potential and further enhance the group’s premium offering. In particular, we increase our critical mass in the highly profitable US market and strengthen our exposure to a number of key international markets, including Australia, Russia, Canada, Spain and the UK.
“This acquisition represents a perfect fit in our acquisition framework, in business and financial terms. Moreover, it will benefit from low risk and easy integration, as we already account for 60% of the acquired portfolio volume and we’re the global source for Frangelico.”
Source: Gruppo Campari
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