Thai Beverage acquires Grand Royal distilleries in Myanmar for S$1 bil

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SINGAPORE (Oct 12): Thai Beverage has acquired two spirits production facilities in Myanmar that distil, blend and bottle the Grand Royal brand of spirits.

"Grand Royal is the largest and No. 1 whiskey player in Myanmar, providing customers and consumers with exceptional high quality products and outstanding services," ThaiBev said.

The acquisitions were made through the purchase of a 75% stake in Myanmar Supply Chain and Service Co and Myanmar Distillery Co from...(click on link for full story on theedgesingapore.com)