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Amber Beverage Group has agreed with the shareholders of Remedia to acquire 100% of the company, subject to Competition Council approval. The parties expect to hear from the Council in early 2018.
During this process, both companies will continue to be independent and all activities are “business as usual” without any impact on current commitments and planned activities for the future.
Remedia is the third-largest producer of alcohol in Estonia. It was the first private company after re-independence to receive a license to produce alcoholic beverages and has recently succeeded in gaining protected status for Estonian Vodka from the EU. Currently, Remedia’s product portfolio includes vodkas, gins, natural liqueurs, cream liqueurs, and natural egg liqueurs.