Alcohol giant United Spirits has announced that it has acquired privately-owned domestic spirits maker Tern Distilleries, in a deal estimated at Rs.134m ($3m). The group said Tern owns a manufacturing facility in Visakhapatnam District, and is based in the state of Andhra Pradesh. Tern is now a wholly-owned subsidiary of United Spirits.

NamNews - Monday 23rd November 2009

 

See column on the right for related news items
or search our NamNews Archive containing over 9 years of industry news (Subscriber-only)