Tag: Amber Beverage Group

Amber Beverage Group acquires full ownership of Australian spirits distribution business

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AUSTRALIA – Luxembourg-based spirits producer and distributor, Amber Beverage Group (ABG) has announced its acquisition of Think Spirits, Australia’s leading family spirits distribution business. Having first acquired a majority stake of 90% in Think Spirits in 2018, ABG has taken over full ownership of the company as part of its strategy to become a multinational beverage company. Think Spirits Founder, Patrick Borg, and his team will remain in the business and no operational changes are expected. Patrick Borg, Founder and Managing Director of Think Spirits said, “We are delighted to…

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Amber Beverage Group purchases majority stake in UK’s Indie Brands

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UK – Shortly after acquiring a controlling interest in Austrian distribution and wholesaler company Mountain Spirits, the Amber Beverage Group has come back to the market. The company has acquired a majority stake in the UK’s specialist premium spirits distribution company Indie Brands, for an undisclosed sum. According to the terms of the deal, Indies Brands will continue to run independently, and all the current management will remain in place. ABG CEO Seymour Ferreira welcomed the Indie Brands team to Amber Beverage Group and adding that “the inclusion of Indie…

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Amber Beverage Group secures US$29m in financing to support expansion

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EUROPE – Luxembourg-based spirits producer and distributor, Amber Beverage Group (ABG), has secured a €27 million (US$29.99 million) credit facility from Swiss bank, Credit Suisse AG. Amber Beverage said that the proceeds will used to improve the effectiveness of its operations to support the company’s expansion plans. “Having sufficient capital to run your global business is crucial to ensure operations run smoothly,” said Jekaterina Stuge, CFO of Amber Beverage Group. “The boost from Credit Suisse will help us to consolidate our cash flow from Australia, the UK, Austria within one…

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Amber acquires 100% stake in UK’s spirits distributor Cellar Trends

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UK – Amber Beverage Group has acquired 100% stake in British wines and spirits distributor, Cellar Trends for an undisclosed sum. According to SPI Group-owned company, the acquisition delivers on its diversification strategy and positions it to become a global leader in beverages. As a result of the partnership, Geoff Watts, managing director of the Cellar Trends will remain with the company in his current position while the rest of the team will also not be affected. “The ownership by ABG has helped to grow the business through the distribution…

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