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Fundador completes takeover of Emperador, becomes world’s largest brandy maker

Unknown 5:44 PM Becomes , brandy , completes , Emperador , Fundador , Largest , maker , takeover , World's

<ul><li>Andrew Tan’s company successfully acquires Spain’s oldest and largest brandy company</li> <li>Acquisition makes Emperador the biggest brandy company in the world</li> <li>Tan happy with acquisition, says he is a step closer to making the world’s best brandy</li> </ul>MANILA, Philippines—Now this is really ‘para sa totoong tagumpay.’ Just barely three months after the deal was made public, taipan Andrew Tan’s Emperador Inc. announced the successful acquisition of Spain’s biggest and most iconic brandy company Bodegas Fundador. The acquisition was formalized in a turnover ceremony attended by Tan, Philippine Ambassador to Spain Carlos Salinas and local officials in Spain’s brandy capital of Jerez City. Jorge Domeg, managing director of Emperador’s offshore arm in Spain, said the acquisition officially makes Emperador the largest brandy maker in the world. “With the combined brandy production facilities of Emperador and Fundador, the world’s largest brandy company is born. We now have almost 1,500 hectares of vineyard land in Spain, around 1,000,000 square meters of cellar and bottling facilities, and four distilleries here in Spain,” he told the <a href="http://business.inquirer.net/207924/207924">Philippine Daily Inquirer</a>. For Tan, the acquisition means an opportunity to become the world’s most renowned brandy maker. “A new era begins not just for Fundador, but the whole brandy and sherry industry in Spain. This is an era that will bring in more innovation and new ideas,” he said. “If the world’s best whiskies are aged in sherry casks in Jerez, then many of the brandy products now aged in sherry casks in Jerez should become the best brandy in the world. In Bodegas Fundador, we have a sizable inventory of brandy that has been aged for more than 50 years. Once they are bottled, they should become one of the most valuable brandies in the world.” <a href="http://kickerdaily.com/fundador-completes-takeover-of-emperador-worlds-largest-brandy-maker/" rel="nofollow">Kicker Daily News</a>

Andrew Tan’s company successfully acquires Spain’s oldest and largest brandy company Acquisition makes Emperador the biggest brandy company ...

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Fundador completes takeover of Emperador, becomes world’s largest brandy maker

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