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Stock Spirits Group has agreed to acquire German spirits producer Borco for an undisclosed sum. According to the company, the deal will help Stock Spirits enter the German market and add a tequila brand to its portfolio – Borco owns the Sierra Tequila brand. Moreover, Stock Spirits will leverage Borco's distribution structures to introduce its own brands in new markets. Meanwhile, Borco will secure a strategic investor to support the global expansion of its brand portfolio. Stock Spirits produces a wide range of alocholic drinks, including vodka, vodka-based flavoured liqueurs, rum, brandy, bitters and limoncello. The company offers a portfolio of 70 brands available in over 50 countries worldwide, and has more than 1,200 employees and operates five production sites. Markus Kohrs-Lichte, chairman of the management board of Borco, said: “The planned transaction with Stock Spirits is the right step into the future for Borco. The company will be able to continue to develop effectively and consistently expand its international business, which is good news for customers, business partners, and employees." Jean-Christophe Coutures, Stock Spirits CEO, commented: “Borco has been a trusted and respected player in Germany and Austria for many years. The acquisition of Borco will be important step in our Western Europe expansion. Borco will benefit from better development opportunities including access to Stock’s extended spirits portfolio. Stock Spirits will gain access to the German market, one of the largest and most dynamic spirits market throughout Europe.” Krzysztof Krawczyk, partner in CVC Capital Partners, added: "Our investment in Stock Spirits assumed M&A growth into new geographies across Europe and we are delighted that the business is making a strong progress in this strategic direction. Borco's brands, in particular Sierra Tequila, have a great international potential, which we want to develop, and it's an important addition to Stock's geographic footprint.” The transaction is subject to German and Austrian regulatory procedures.