Paris-based alcoholic beverage company Pernod Ricard announced recently the signing of an agreement with Montclair-based wine and spirits company Biggar & Leith for the acquisition of Italian gin brand Malfy.
The gin, which is distilled by the Vergnano family in the Moncalieri region of Italy, has an already established presence in the United States, United Kingdom and German markets. Malfy gin is distilled using ingredients such as Italian juniper, coastal grown Italian lemons and Sicilian blood oranges and pink grapefruits. The four variants are Originale, Con Limone, Con Arancia and Gin Rosa.
“This acquisition is true to our long-standing strategy of investing in brands with strong potential in growing categories,” Christian Porta, managing director in charge of global business development for Pernod Ricard, said. “In line with the launch of our “Transform and Accelerate” strategic plan, we will continue actively managing our fantastic portfolio of brands.”
The transaction is expected to close shortly. Pernod Ricard said it expects to expand its gin portfolio, following its partnership with Monkey 47 in 2016 and its acquisition of Ungava in 2018.
Financial terms were not disclosed.