Tula Distillery 1911

History

2024: Ladoga bought Tula Distillery

On April 3, 2024, it became known that the Ladoga group, which is one of the largest importers and producers of alcoholic beverages in Russia, entered into an agreement on the purchase of the Tula Distillery 1911. There is no information on the estimated amount of the transaction as of the specified date.

"Tula distillery 1911" is one of the oldest enterprises in the Tula region. It was founded in 1911. The plant has five bottling lines with a total capacity of 6 million decaliters of distillery products per year. The company is also engaged in contract bottling, and its partners include the Bacardi group, for which the Tula plant produces Oakheart rum and Bosford gin. The plant also produces vodka "Festive," "Starley," "Bear" and a number of other alcoholic beverages. As of the beginning of April 2024, 80% of the enterprise belongs to Dmitry Gitelman, the remaining 20% - to the Development Corporation of the Tula Region.

𝓲

Unsplash

According to RBC, Veniamin Grabar, president and main owner of the Ladoga group, which produces Tsarskaya vodka, Barrister gin, Armator rum, Fowler's whiskey and other alcoholic products, agreed to acquire the Tula distillery 1911. Ladoga is actively developing new categories, and therefore the group needs additional production facilities.

Vadim Drobiz, director of the Center for Research on Federal and Regional Alcohol Markets (CIFRRA), notes that the advantage of the Tula plant is its advantageous location in terms of logistics. Plus, the Tula Distillery 1911 is one of the most modern in Russia. According to investment banker Ilya Shumov, the cost of the enterprise is 2.2-2.5 billion rubles, and taking into account the potential for business growth, the real figure may be "much higher."^[1]

Notes