mrmatas2277 Posted June 21 Report Share Posted June 21 By BRAD FOSS, AP Business WriterWASHINGTON - Bacardi Limited has agreed to purchase Grey Goose vodka from Sidney Frank Importing Co. for roughly $2 billion, adding another well-known brand of alcohol to its menu, which includes Dewar's scotch and Bombay Sapphire gin. The financial terms of the deal, announced Sunday, were not disclosed by the companies. But an industry source familiar with the agreement, speaking on condition of anonymity, said Bacardi would pay around $2 billion. Bermuda-based Bacardi said in a press release that with the acquisition of Grey Goose, which is distilled and bottled in France, the company has "fulfilled its long-stated goal of becoming a serious player in the strategically important vodka category." Bacardi currently markets the Turi brand of Vodka in the United States, although its distribution is limited to about 20,000 cases. Comparatively, some 1.4 million cases of Grey Goose were sold in the United States in 2003, according to industry estimates. Javier Ferran, the chief executive of Bacardi, said in a statement that Grey Goose "fills a significant category gap" for the privately held company, whose other brands include Martini and Rossi vermouth and Cazadores Blue Agave tequila. Privately held Bacardi had global sales of around $3.3 billion for the fiscal year ended March 31. Sidney Frank, the chairman and chief executive of New Rochelle, N.Y.-based Sidney Frank Importing, which markets Jagermeister and other alcoholic beverages in the United States, said he had "mixed feelings on the sale of such a great brand." But Frank said the deal would "ensure the development of the full potential of Grey Goose." Grey Goose comes in several flavors: L'Orange, Le Citron and La Vanille Quote Link to comment Share on other sites More sharing options...
mdamon7278 Posted June 21 Report Share Posted June 21 Quote Link to comment Share on other sites More sharing options...
Candy Posted June 21 Report Share Posted June 21 just as long as they don't buy my effen Quote Link to comment Share on other sites More sharing options...
marcodavalos Posted June 21 Report Share Posted June 21 Interesting move ... moreso for a "family" mega-corp ...Could this mean a behind the walls future IPO? ... would make perfect sense. . Quote Link to comment Share on other sites More sharing options...
fliptoniaaa Posted June 21 Report Share Posted June 21 allright...... more work for me, and not more money!!!!!!!!!!!i kinda wish this wouldnt have gone through...good for the company, but only at the top....theres no trickle down effect on this one for us!!!!!!!!!! Quote Link to comment Share on other sites More sharing options...
xxgrooveericxx Posted June 21 Report Share Posted June 21 I guess we can drink to that.... Quote Link to comment Share on other sites More sharing options...
digital7 Posted June 21 Report Share Posted June 21 makes no difference to me.. just as long as they dont fuck around with the distilling process.. Im good to go Quote Link to comment Share on other sites More sharing options...
marcodavalos Posted June 21 Report Share Posted June 21 makes no difference to me.. just as long as they dont fuck around with the distilling process.. Im good to goYou drink Smirnoff ... biatch ... who are you trying to fool? . Quote Link to comment Share on other sites More sharing options...
mrmatas2277 Posted June 21 Author Report Share Posted June 21 You drink Smirnoff ... biatch ... who are you trying to fool? Quote Link to comment Share on other sites More sharing options...
digital7 Posted June 21 Report Share Posted June 21 You drink Smirnoff ... biatch ... who are you trying to fool? . as compared to the Skol vodka you drink? blah.... Quote Link to comment Share on other sites More sharing options...
durrrty Posted June 21 Report Share Posted June 21 I like Kettle.... Quote Link to comment Share on other sites More sharing options...
pod Posted June 21 Report Share Posted June 21 Stoli is my choice. Russian vodka....French vodka sounds like the beginning of a bad joke. Quote Link to comment Share on other sites More sharing options...
funketeer Posted June 21 Report Share Posted June 21 Awesome! Quote Link to comment Share on other sites More sharing options...
jeffy1 Posted June 21 Report Share Posted June 21 good buy for them Quote Link to comment Share on other sites More sharing options...
marcodavalos Posted June 22 Report Share Posted June 22 as compared to the Skol vodka you drink? blah.... At least I'm not "pretending" I drink premium ... . Quote Link to comment Share on other sites More sharing options...
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