Lucio Co-led The Keepers buys 50% of Sula liquor maker
Provided by Philippine Daily Inquirer.
MANILA, Philippines — The Keepers Holdings Inc., the liquor distribution arm of Lucio Co-led holding firm Cosco Capital Inc., will buy half the shares of a local spirits company for P40 million.
In a stock exchange filing on Wednesday, The Keepers said its acquisition of 50 percent of Cervia Global Trading Inc. would mark its entry into the premium local spirits market.
It likewise “positions [The Keepers] for growth in international markets,” the company said in its disclosure.
READ: Alfonso maker is Lucio Co’s ticket to int’l liquor expansion
Cervia is behind Sula, which produces liquor in coconut, dark chocolate and coffee flavors, using ingredients grown in the Philippines.
This will add to The Keepers’ portfolio consisting of global brands, including Alfonso, Johnnie Walker, Chivas Regal, Suntory, Jose Cuervo and Red Bull. /dda
READ: The Keepers eyes own retail outlets for spirits and wine
(2025/07/16-09:30)
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