Emperador buys Spain’s Fundador

Emperador Inc. has sealed a 275-million euro deal to acquire Beam Suntory’s Spanish brandy and sherry business, including the Fundador brand, in line with an international expansion bid.

The deal, equivalent to P13.8 billion, was done through unit Grupo Emperador Spain S.A. Emperador told the Philippine Stock Exchange that the acquisition was in line with its goal to become the world’s number one brandy company.