Pincon Spirit acquires Singapore-based Orbitol Solutions

KOLKATA: 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.