Tilaknagar Industries to acquire Imperial Blue business from Pernod Ricard.

Tilaknagar Industries, an Indian alcoholic beverage company, agreed to acquire the Imperial Blue business from Pernod Ricard, a spirits and wines company. Financial terms were not disclosed. "We are pleased to announce the sale of the Imperial Blue business division, a strategic move to sharpen our focus on more profitable and faster-growing brands in India, like in the rest of the world. This transaction represents a win-win for all stakeholders involved, both at the global and local levels. It fuels our ambition to succeed even further in one of our top markets. This will further streamline our operations as we continue to invest in India’s outstanding growth,” Alexandre Ricard, Pernod Ricard Chairman and CEO.