The deal includes key alcohol brands and inventory, representing 17% of Umida’s 2025 net sales.
Swedish beverage company Spendrups has agreed to purchase a portfolio of spirits brands from Umida for $1.3m. The transaction, conducted via Spendrups’ Spring Wine and Spirits subsidiary, includes brands like Elin spirits, Doctor Cane rum, and Vinfabriken wine business.
The acquired brands account for approximately 17% of Umida’s projected 2025 net sales. Umida may receive an additional $650,000 if the divested brands maintain sales levels over the next two years. The deal also includes inventory, providing Umida with added liquidity.
Spendrups stated the acquisition offers a cost-effective way to expand its market position, leveraging existing distribution and production expertise rather than building a portfolio from scratch.