Drinks Americas goes to Russia
Drinks Americas Holdings, has entered into a contract with Recolte to expand Trump Super Premium Vodka to Russia. Recolte is a Russian venture led by Alexander Timofeev, former director general of Russia's largest distillery Kristall and the founder of the company Trade Asset Management. Recolte will be Drinks Americas' exclusive distributor in Russia. In 2005, the vodka market in Russia was US$10.2 billion and is expected to double in size by 2009. As part of the agreement, Drinks Americas entered into a partnership with ILD B.V., a subsidiary of Wanders Distillery of Holland, and Recolte.
The contract with Recolte, includes an annual minimum order for 50,000 cases, valued at approximately US$7.5 million. An initial 10,000 case order in excess of US$1.5 million is expected to begin shipping in January 2008. Alexander Timofeev, chairman and CEO of Recolte, said: "We trust that all the plans we have set together will come true as the Russian premium and super premium drinks market is developing rapidly."
Patrick Kenny, president and CEO of Drinks Americas, said: "Drinks Americas is extremely excited about bringing Trump Super Premium Vodka to Russia. We believe and more importantly our Russian business partners believe that Trump Super Premium Vodka will be appreciated for its taste and succeed in the premium market segment."


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