Kolkata firm enters Singapore

04-Mar-2016 # Singapore Source: India Inc

Kolkata-based Pincon Spirit Ltd (PSL) has acquired Orbitol Solutions, a Singapore-based merchant trading and agriculture-focussed company, making it the firm’s wholly-owned subsidiary.

This strategic transaction would enable Pincon Spirit to export own liquor brands to the South-east Asian market. Simultaneously, PSL would be importing foreign-made liquor and pulses of foreign produce for marketing in India.

It has also signed a pact to take over three operational bottling units in West Bengal for Indian-Made Indian Liquor (IMIL).

Started in 1978 as Sarang Viniyog Ltd, the company changed its name to Pincon Spirit in 2010-11. It is a flagship firm of the PSL Group and is engaged in the business of Indian-made foreign liquor (IMFL), retail and FMCG.

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