Stock Spirits

Stock Spirits Group, which has its origins in a company founded in 1884 in Trieste, Italy, is among the largest alcohol beverage companies in Europe. As of November 2022 Stock Spirits Group was owned by the private equity business, CVC Capital Partners.^[3]

Stock Spirits Group

Company type	Privately held company
Industry	Beverage
Founded	1884
Headquarters	Warsaw, Poland
Key people	Jean-Christophe Coutures, CEO^[1]
Revenue	274,601,000 euro (2017)
Operating income	29,881,000 euro (2017)
Net income	11,329,000 euro (2017)
Total assets	682,825,000 euro (2017)
Number of employees	1120 (2020)^[2]
Website	www.stockspirits.com/

History

Stock history

In 1884 Lionello Stock and his partner Carlo Camis founded the steam wine distillery "Distilleria a vapore Camis & Stock". His company's main product was cognac "Medicinal", which competed with French alternatives in the Austro-Hungarian monarchy and German Empire territory. By the 1920s the Stock company was one of the largest companies of its kind in Europe. In 1920, after Austro-Hungarian monarchy collapsed, Stock bought a distillery factory at Plzeň Božkov (in the then Czechoslovakia). Stock eventually came to own a network of distilleries, bottling plants and ageing facilities in Italy, Austria, Poland, Hungary and Croatia. He also expanded business and established an outpost in New York City, United States.^[4]

Stock Spirits Group

In 2007 Oaktree Capital Management acquired Polmos Lublin in 2006 and merged it with Eckes & Stock, to create Stock Spirits Group in 2008.^[5]

In 2009 Stock Spirits Group established its own distribution businesses in Croatia, Bosnia and Herzegovina. In 2012, the Stock Spirits Group completed acquisition of Slovak company Imperator Ltd located in Drietoma, Slovakia.^[6] In the same year Stock acquired the Novel Ferm, an ethanol manufacturing business located near Rostock in North Eastern Germany.^[7]

The company was the subject of an initial public offering in October 2013.^[8]

On 12 August 2021, Stock Spirits' board of directors accepted a £767 million takeover bid by private equity firm CVC Capital Partners, whereby shareholders would receive 377p per share.^[9] The deal was completed in November 2021.^[10]

In September 2023, it was announced Stock Spirits had completed the acquisition of the Créteil-headquartered spirits distributor, Dugas Company; the scotch whisky producer, Clan Campbell and the Bielsko-Biała-headquartered vodka distiller, Polmos Bielsko-Biała.^[11]

Operations

The company has a portfolio of more than 70 brands, present in over 50 countries worldwide including the US and Canada.^[12] Company's brands include Żołądkowa Gorzka,^[13] Lubelska,^[14] Božkov,^[14] Stock 84,^[15] Limoncè,^[15] Keglevich,^[15] 1906,^[15] Stock Prestige,^[15] and Grappa Distillerie Franciacorta.^[16]

References

1. "Group at glance". www.stockspirits.com. Retrieved March 17, 2023.
2. "Group leadership team". www.stockspirits.com. Retrieved March 15, 2023.
3. "CVC funds to buy European vodka maker Stock Spirits for $1 bln". Reuters.com. Retrieved March 15, 2023.
4. "Wine Talk: Remember brandy". www.jpost.com. Retrieved March 28, 2023.
5. "Stock Spirits' largest shareholder Oaktree exits in £200m sell-off". City AM. 9 April 2014. Retrieved 7 August 2014.
6. "Stock Spirits acquires Slovak spirits company Imperator". Foodbev. 12 December 2012. Retrieved 30 March 2023.
7. "Stock Spirits Group Limited acquired Novel Ferm Brennerei Dettmannsdorf Gmbh & Co. Betriebs Kg for €3.6 million". Marketscreener. 16 December 2012. Retrieved 30 March 2023.
8. "Stock Spirits to Be Valued at Maximum of $835 Million in IPO". Bloomberg. 8 October 2013. Retrieved 7 August 2014.
9. "Stock Spirits accepts £767m takeover approach from CVC". The Independent. 12 August 2021. Archived from the original on 2022-05-25.
10. "Deal Wrap: CVC buys Stock Spirits; 777 targets British Basketball League stake". S&P Global. 29 November 2021. Retrieved 16 March 2023.
11. Carruthers, Nicola (2023-09-05). "Stock Spirits finalises three acquisitions". The Spirits Business. Retrieved 2023-09-05.
12. "Stock Spirits agrees £767m takeover by private equity firm CVC". thetimes.co.uk. Retrieved March 15, 2023.
13. "Stock Spirits agrees to £767m takeover bid from CVC". thedrinksbusiness.com. Retrieved April 25, 2023.
14. "The brands champions 2022". thespiritsbusiness.com. Retrieved April 25, 2023.
15. "Stock Spirits raises a glass to £767M takeover by CVC". efanews.eu. Retrieved April 25, 2023.
16. "Stock punta sulla grappa e acquisisce Distillerie Franciacorta". 1 February 2019. Retrieved 12 April 2023.