Luxembourg-based wines and spirits supplier SPI Group has formed a new company Amber Beverage Group, in a move to unite its Baltic companies.
The move is in line with the company's expansion strategy over the future.
The Amber Beverage Group will include alcoholic beverage producer JSC Latvijas Balzams, as well as beverage distributors SPI Distribution Latvia, SPI Distribution Estonia and Bennet Distributors in Lithuania, and specialized beverage shop chain Latvijas Balzams in Latvia and Bravo Alco in Lithuania.
Additionally, a logistics services company, will be added to Amber later in the month.
However, each business unit will continue to operate with the same name, under the same management.
SPI Group board chairman Seymour Ferreira was quoted by 4-traders as saying: "Our purpose in founding a Baltic-level holding company is to unify the governance of our businesses and to enable our ambitious development plans.
"our combined expertise, experience and resources in the Baltic's provide the perfect platform for us to expand into new ventures and new markets".
