Overview
- The companies announced a signed merger agreement on Monday, with Sazerac offering €5.55 per share and setting a minimum acceptance threshold of 50 percent plus one share.
- Berentzen’s board and management endorsed the proposal and the stock jumped about 22 percent on the announcement.
- The deal values Berentzen at roughly €53.3 million and is expected to close in the fourth quarter of 2026 if the acceptance threshold and standard closing conditions are met.
- Berentzen has reported weak sales for high-strength spirits this year, with H1 revenue falling about 11 percent to €71 million and EBIT dropping to roughly €600,000, which contributed to the company’s low market valuation before the offer.
- Sazerac, a multi-billion dollar U.S. spirits group that has pursued several acquisitions this year, says it will keep Berentzen’s Haselünne operations and have the local team produce and distribute Sazerac brands in Germany.