Allied Blenders and Distillers to buy idle facility in India

Group 1 - Allied Blenders and Distillers (ABDL) is acquiring a non-operational distillery and bottling facility in Moradabad, Uttar Pradesh from National Industrial Corporation (NICOL) for up to Rs700 million ($7.7 million) [1] - ABDL plans to invest an additional Rs400 million to upgrade the infrastructure and establish a bottling unit at the acquired facility, which will enhance its backward integration capabilities [2] - The acquisition is expected to increase ABDL's Indian-made foreign liquor (IMFL) bottling capacity in Uttar Pradesh and includes adequate land for future expansion [2] Group 2 - The transaction is anticipated to close by 31 July, with the facility upgrade expected to be completed within 12 months of closing [3] - ABDL is currently constructing a single-malt distillery in Rangapur, Telangana, which is expected to be commissioned in the fourth quarter of the 2026 financial year [4] - Last September, ABDL commissioned a PET bottle manufacturing facility in Rangapur with a capital expenditure of approximately Rs1.15 billion, designed to produce over 600 million PET bottles annually [4] Group 3 - In August, ABDL abandoned its plan to acquire a 51% majority stake in Good Barrel Distillery, indicating a shift in strategic focus [5]