Berentzen Execs Urge Vote for Takeover by Sazerac

Sazerac Co. has launched a takeover bid for Berentzen-Gruppe, a German distiller, and Barentzen's CEO says the bid for all of Berentzen's shares at Euro 5.55 (about $6.37) each is "an outstanding opportunity," "very attractive" and recommended shareholders accept it.

"The proposed price of €5.55 per share is on a level not seen for over two years. The business combination will present the Berentzen Group with an excellent opportunity to consistently pursue its growth strategy and tap into further potential for value creation at a pace and on a scale that is only possible with a strong strategic partner in a challenging European market," they said.

In 2025, Berentzen's revenue fell 10.4%. Consolidated EBIT, adjusted for factors including "exceptional effects," fell 19.8%. In the first half of 2026, revenue dropped 11.1% as spirits sales remain weak.

"We are confident this business combination will be beneficial for both sides, enabling us to manufacture and distribute spirits products for the whole of Europe and beyond with greater flexibility and pace, including brands from the Berentzen group, Sazerac as well as private-label ranges,"

The news was first reported by Just Drinks.