Cepas Group Acquires Bacardi Martini Subsidiaries in Chile and Uruguay

Posted on Oct 6, 2017

Cepas Group, an Argentinian beverage company, and Bacardi Limited, one of the world's largest alcoholic beverages company, signed an agreement on September 8th of this year for the operations of Bacardi Limited Chile and Bacardi Limited Uruguay.

The purchase of Bacardi Martini Chile S.A. and Bacardi Martini Uruguay S.A. puts Cepas group in exclusive charge of distributing Bacardi global brands in these two countries and it also assumes the role of copacker of the products that will continue to be produced locally, expanding productivity in the region.

Cepas Group, through one of its subsidiaries, acquired all the capital stock Bacardi Martini had on the accounts in both countries.

For Fernán Martínez, CEO of Cepas Group "This agreement is the starting point for our ambitious international expansion plan in Latin America."

This agreement makes it possible to consolidate a competitive regional production platform, with integrated manufacturing plants and distribution centers in Argentina, Chile and Uruguay.

Carey, Guyer & Regules and Brons Salas acted as counsel to Bacardi Martini in Chile, Uruguay and Argentina respectively. Cepas was advised by Abeledo Gottheil, CMS Carey & Allende and Jiménez de Aréchaga in Argentina, Chile and Uruguay respectively.

C.G.L.