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Thai Beverage acquires Grand Royal distilleries in Myanmar for $1 bil

PC Lee Published on Thu, Oct 12, 2017 / 11:07 PM GMT+8

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SINGAPORE (Oct 12): Thai Beverage has acquired two spirits production facilities in Myanmar that distil, blend and bottle the Grand Royal brand of spirits.

“Grand Royal is the largest and No. 1 whiskey player in Myanmar, providing customers and consumers with exceptional high quality products and outstanding services,: says ThaiBev.

The acquisitions were made through the purchase of a 75% stake in Myanmar Supply Chain and Service Co. and Myanmar Distillery Co. from four third-party vendors by subsidiary International Beverage Holdings.

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