Hamburg — The owner family of the Hamburg-based BORCO-Marken-Import Matthiesen GmbH & Co. KG has sold its company, one of the largest German importers and at the same time producer and marketer of spirits, to the Stock Spirits Group. Stock Spirits Group, which was acquired by CVC Capital Partners in November 2021, is one of the largest producers and marketers of alcoholic beverages in Central Europe. The purchase agreement was signed at the beginning of June 2023. The acquisition is subject to approval by the relevant antitrust authorities.
A corresponding purchase agreement was signed in June 2023. The parties have agreed not to disclose the purchase price. It is planned that all jobs approx. 140 in the company as well as the name BORCO will be preserved. In the past fiscal year, BORCO generated sales of around 140 million euros. The acquisition is subject to approval by the relevant antitrust authorities.
The Hamburg-based company BORCO has been family-owned since its foundation in 1948. BORCO will continue its normal operations and the teams and contacts for customers and business partners will also remain unchanged.
Stock Spirits is traditional European spirits producer
Stock Spirits Group is one of the largest producers and marketers of alcoholic beverages in Central Europe. Founded in 1884 in Trieste, Italy, the company currently has subsidiaries in seven European countries. Stock Spirits’ current core markets are Poland, Germany, the Czech Republic, Italy, Slovakia, and Bosnia and Herzegovina. Stock Spirits’ portfolio includes over 70 brands, many of which hold market-leading positions in their respective markets. The company employs approximately 1,200 people and generated sales of approximately 400 million euros (2022). In November 2021, Stock Spirits was acquired by CVC Capital Partners.
Jean-Christophe Coutures, CEO of Stock Spirits, explains, “BORCO has been a leading and respected spirits producer in Germany and Austria for many years. The acquisition of BORCO is of great importance for our expansion strategy in the field of alcoholic beverages in Europe. At the same time, I am convinced that this heralds another successful stage in BORCO’s history. We will build on our strengths: BORCO will benefit from better development opportunities including access to our portfolio, and Stock Spirits will gain access to the attractive German market and BORCO’s strong distribution network for our selected brands.”
Advisor to the Matthiesen family of owners: Hengeler Hengeler Mueller for Mueller
M&A: Thomas Meurer (Partner), Dr. Katharina Hesse (Partner, both Lead), Maxi Ludwig, Susanne Marie Struth (both Associates, all Düsseldorf),
Tax Law: Dr. Gunther Wagner (Partner, Munich), Dr. Sebastian Heinrichs (Counsel, Frankfurt),
Employment Law: Dr. Christian Hoefs (Partner, Frankfurt), Vicki Treibmann (Associate, Düsseldorf), Mona Geimer (Associate, Frankfurt).
The family tribe Uwe Matthiesen was advised by Dr. Ulf Renzenbrink (Renzenbrink & Partner) and the family tribe Bernd Matthiesen by Dr. Lorenz Holler and Dr. Tobias Polke (VOIGT WUNSCH HOLLER Partnerschaft von Rechtsanwälten).