Amber Beverage Group (ABG) has taken 100% ownership of Think Spirits, having already acquired a 90% stake in the Australian business in 2018.
Founded in 2004 and based in Sydney, Think Spirits is a distributor of premium spirits brands, such as Casamigos tequila and Malfy Gin.
As part of the deal, founder Patrick Borg and his team will remain in the business, and ABG says no operational changes are expected.
The acquisition of Think Spirits follows a string of similar takeovers by ABG, as it pursues its ambition to become a “truly global” beverage company.
Earlier this year, ABG acquired a majority stake in UK premium spirits distributor Indie Brands, in a move which, along with the purchase of 100% of Cellar Trends in 2019, was intended to drive its UK business.
At the end of last year, the company also revealed that it had acquired a majority stake in Austrian distributor and wholesaler Mountain Spirits, with the aim of expanding its position in the Alps.
“We are delighted to be entrusting our family business to the very capable team at ABG,” said Patrick Borg, founder and managing director of Think Spirits.
“Having established the business in 2004, we have built it up to become one of the leading players in the Australian drinks trade and being 100% owned by ABG will give us the opportunity to expand even further.”
Seymour Ferreira, CEO at Amber Beverage Group, added: “This acquisition is important strategically for ABG as part of our ambition to become a truly global beverage company.
“The team at Think Spirits has done an excellent job steering the business through recent challenging times in the region. With China and parts of Asia opening up, we see great potential for our business, and Australia is a country which is leading the way out of the crisis.
“What we are seeing in China and Australia is an indicator of what will happen in the rest of the world with retail reopening, wholesalers and the on-premise coming back to business, and Think Spirits is well-positioned to help us expand into these exciting markets.”
© FoodBev Media Ltd 2020
World Beverage Innovation Awards – NOW OPEN FOR ENTRIES!
The awards celebrate excellence and innovation across the global beverage industry.
Don’t miss out on having your innovations recognised on a global scale.
Deadline for entry 11 September – enter now!