This acquisition comes after Alexandrion Group acquired the majority stake in Cavaway in 2019 and now positions the Group as one of the largest distributors of alcoholic beverages in Cyprus.
Alexandrion Group has a distribution network covering more than 50 countries worldwide. The acquisition further strengthens the Group’s footprint in the wider region of the Southeastern Mediterranean and its leading position in the sector.
“The acquisition of Cavaway marks the recognition of the company’s successful path but also the true commitment of the Alexandrion Group to further support it in continuing to grow even more dynamically. The future of the sector, as well as the rapid geostrategic, energy and economic developments at a European and International level, require the joining of forces and operational synergies to effectively address the ever-changing market conditions”, said Nawaf Salameh, Founding Chairman of the Alexandrion Group.
Alexandrion Group’s portfolio includes Romanian brandy Alexandrion, Brancoveanu Vinars, Saber Elyzia fruit liqueurs, Zolmyr (tuica and palinca) and Kreskova vodka, as well as the Carpathian Single Malt brand (launched in 2022), the first single malt whisky 100% made in Romania.
Alexandrion Group reported a turnover of RON1.3 billion in 2021.
Alexandrion Group is the largest alcoholic beverage producer in Romania.