Coca-Cola HBC said today it would buy Finlandia vodka brand owner Brown-Forman Finland from Brown-Forman Netherlands for $220 million, as the bottler expands its premium spirits business.
Finlandia, established in 1970, is a leading vodka brand in Central and Eastern Europe, Coca-Cola HBC said in a statement.
The bottler said the acquisition was being done through its wholly owned unit CC Beverages Holdings II BV and that deal completion was expected in the second half of 2023.
