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Pincon Spirit acquires Singapore-based Orbitol Solutions

By Wei ZhangIndia
1 min read
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pincon spirit
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Pincon Spirit Ltd today said it has acquired Singapore-based Orbitol Solutions, engaged in merchant trading and agriculture business.

The company’s business is dispersed through Southeast Asia.

Pincon Spirit did not disclose financial details of the transaction, but plans to make Orbitol Solutions its subsidiary.

It has also signed a pact for taking over of three operational bottling units in West Bengal for Indian Made Indian Liquor (IMIL).

This strategic transaction would enable Pincon Spirit to export own liqour brands to the Southeast Asian market.

Simultaneously, PSL would be importing foreign made liquor and pulses of foreign produce for marketing the same in India, the company said.

Questions & Answers

Q.

What is the primary business of Orbitol Solutions, the company Pincon Spirit has acquired?

A.

Orbitol Solutions is a Singapore-based company that operates in merchant trading and the agriculture business. Its business activities are spread across the Southeast Asian region.

Q.

Will Pincon Spirit fully integrate Orbitol Solutions into its operations?

A.

Yes, Pincon Spirit intends to make Orbitol Solutions its subsidiary. This move is part of a strategic transaction to expand its market reach.

Q.

What strategic benefit does this acquisition provide for Pincon Spirit's own liquor brands?

A.

This acquisition will allow Pincon Spirit to export its own liquor brands directly to the Southeast Asian market. It will also facilitate the import of foreign-made liquor and pulses into India.

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