Beam Suntory and Stock Spirits enter new distribution agreement in Slovakia
Beam Suntory, the world’s third largest premium spirits company, and Stock Slovensko are pleased to announce they have entered into a new distribution agreement in Slovakia. Stock Slovensko is part of Stock Spirits plc, a leading owner and producer of premium branded spirits and liqueurs that are principally sold in Central and Eastern Europe.
Stock Slovensko will assume responsibility for the distribution of Beam Suntory’s entire portfolio in Slovakia, effective 15 April 2017.
Stock Slovensko has a long track record of building both local and international spirits brands in Slovakia and will be focused on building key Beam Suntory brands in the Slovak market, including Jim Beam, Courvoisier, and Maker’s Mark.
Today’s news follows the announcement in October 2016, that Stock Polska had entered into an exclusive three-year distribution agreement with Beam Suntory in Poland.
Marcin Sznajder, Beam Suntory’s Senior Area Director, Eastern Europe, commented: “We have worked with Stock Spirits for a long time, since 2013 in Poland, and we are therefore excited to be expanding our partnership into this promising market. Stock Slovensko is a powerful distributor, with the local expertise and network to take our portfolio to the next level of growth. I would also like to take this opportunity to thank the team at Italmarket who have done an excellent job of building our brands in Slovakia over the last few years.”
Roman Pócs, Managing Director of Stock Slovensko, said: “I am delighted to be beginning our partnership with Beam Suntory in Slovakia. I believe this is a great opportunity to expand our portfolio with world-class Beam Suntory brands. Premium brands have enormous potential and we will seek to bring mutual success and benefit to both of our companies through excellent service within the Slovak market.”
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About Beam Suntory Inc.
As the world’s third largest premium spirits company, Beam Suntory is Crafting the Spirits Brands that Stir the World. Consumers from all corners of the globe call for the company’s brands, including the iconic Jim Beam and Maker’s Mark bourbon brands and Suntory whisky Kakubin, as well as world renowned premium brands including Knob Creek bourbon, Yamazaki, Hakushu and Hibiki Japanese whiskies, Teacher’s, Laphroaig, and Bowmore Scotch whiskies, Canadian Club whisky, Courvoisier cognac, Hornitos and Sauza tequila, EFFEN and Pinnacle vodka, Sipsmith gin, and Midori liqueur.
Beam Suntory was created in 2014 by combining the world leader in bourbon and the pioneer in Japanese whisky to form a new company with a deep heritage, passion for quality, innovative spirit and commitment to Growing for Good. Headquartered in Chicago, Illinois, Beam Suntory is a subsidiary of Suntory Holdings Limited of Japan. For more information on Beam Suntory, its brands, and its commitment to social responsibility, please visit www.beamsuntory.com and www.drinksmart.com.
About Stock Spirits Group
Stock Spirits is one of Central and Eastern Europe’s leading branded spirits and liqueurs businesses, and offers a portfolio of products that are rooted in local and regional heritage. With core operations in Poland, the Czech Republic, Slovakia, Italy, Croatia and Bosnia & Herzegovina, Stock also exports to more than 40 other countries worldwide. Global sales volumes currently total over 100 million litres per year.
Stock has state of the art production facilities in Poland and the Czech Republic, and its core brands include products made to long-established recipes such as Stock 84 brandy, Fernet Stock bitters and Limonce, as well as more recent creations like Stock Prestige and Zoladkowa de Luxe vodkas.
Stock is listed on the main market of the London Stock Exchange. For the year ended 31 December 2016 it delivered total revenue of €261.0m and operating profit of €40.1m.
About Stock Slovensko
Stock Slovensko is the number two spirits business in the highly fragmented Slovak market. Its core brands include Fernet Stock, Amundsen vodka and locally renowned brands, Golden and Kosher.
Stock Spirits’ Slovakian business was established in 2003, and in 2013 the company acquired local spirits producer, Imperator, and enlarged its portfolio with locally important fruit-based spirit brands. It has since strengthened its position in the market and has achieved growth with its portfolio of local brands, including standout local brands such as Golden. In January 2017, the business was rebranded from Imperator to Stock Slovensko.
For further information please visit: www.stockspirits.com.