Spirits market: Berentzen talks about sale to US group
Berentzen's Apfelkorn could soon come from the same house as American whiskey. US heavyweight Sazerac is considering a takeover bid.
Berentzen, a German spirits and beverage manufacturer, is in talks to be acquired by US-based Sazerac, a whiskey specialist. The possible takeover comes after Berentzen struggled with weak demand for alcohol, causing it to cut its annual targets and report a significant drop in half-year revenue and operating profit. Berentzen, known for brands like Berentzen Apfelkorn and Puschkin Vodka, was valued at around €35 million on the stock market.
Sazerac, which owns brands such as Southern Comfort and Buffalo Trace, recently acquired UK-based Au Vodka for approximately €350 million.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
