Private equity group Lion Capital has acquired Russian Alcohol, the largest producer and distributor of vodka in Russia, from Industrial Investors in a deal worth $600m (£303m).
Russian Alcohol, which makes Green Mark and Zhuravli vodkas, employs 3,500 people across five production facilities and is forecast to generate sales of more than $500m (£253m) this year.
“We believe there is a compelling opportunity to capitalise on the Russian consumer trend towards premium spirits products and to further accelerate the company's strong financial performance,” said Javier Ferrán, partner of Lion Capital.
Russian Alcohol, which makes Green Mark and Zhuravli vodkas, employs 3,500 people across five production facilities and is forecast to generate sales of more than $500m (£253m) this year.
“We believe there is a compelling opportunity to capitalise on the Russian consumer trend towards premium spirits products and to further accelerate the company's strong financial performance,” said Javier Ferrán, partner of Lion Capital.
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