Pernod Ricard has confirmed it is close to completing the disposal of SIAS-MPA to Butler Capital Partners (BCP).
Go deeper with GlobalData
SIAS-MPA, a major world player in fruit preparation for the milk industry, is currently valued at €170m (US$151.8m) (including debts and minority interests). This could increase by €25m, allowing Pernod Ricard to benefit from the future profit achieved by Butler Capital Partners when they choose to exit.
Pernod Ricard will agree to give BCP a credit-facility amounting to €50m. A partial repayment of this credit will be conditional on SIAS-MPA’s future performance.
Patrick Ricard, Chairman and CEO of Pernod Ricard said “Further to the disposal of Orangina Pampryl last October, this transaction highlights our strategy to refocus on our core business, spirits and wine, a sector in which we are now positioned third world-wide following the recent acquisition of Seagram’s assets. I would also like to acknowledge the competence and focus of the SIAS employees who allowed us to become world leaders in this sector.”
Pernod Ricard disposed of San Giorgio Flavours and Italcanditi during the first half of 2001, and with the sale of SIAS-MPA, the company will have completed divesting itself of the entire SIAS Group.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
