 | |
| Company type | Julkinen osakeyhtiö |
|---|---|
| Nasdaq Helsinki: ALTIA | |
| Industry | Alcoholic beverage production, import & marketing |
| Founded | 1999; 26 years ago (1999) |
| Defunct | September 1, 2021; 3 years ago (2021-09-01) |
| Fate | Merged withArcus AS |
| Successor | Anora Group |
| Headquarters | , |
Key people | Pekka Tennilä(CEO) |
| Owner | Government of Finland (35.9%) |
Number of employees | 880 |
| Website | altiagroup |
Altia Oyj was a Finnish state-owned corporation based inHelsinki, which produces, imports, exports and markets alcoholic beverages. It operates in Finland, Sweden, Norway, Denmark, Estonia and Latvia. Altia has production plants in Koskenkorva andRajamäki in Finland and inTabasalu in Estonia. Altia's strategy is based on two complementary cornerstones – building own brands and providing a leading Nordic and Baltic service platform for partners to develop their business. The largest imported brands areDrostdy-Hof,Two Oceans andJack Daniel's.
Altia's sales companies in the alcohol monopoly countries are Altia Finland, Alpha Beverages and Wennerco in Finland, Altia Sweden, Bibendum and Philipson Söderberg in Sweden and Interbev, Bibendum, Strøm and Best Buys in Norway. Altia Denmark, Altia Eesti, Altia Latvia and Jaunalko operate in the open markets Denmark, Estonia and Latvia.
The corporation was formed from the production and import sectors of the oldalcohol monopolyAlko. Today, Altia is no longer a part of Alko, and Alko itself has only a distribution monopoly.
Altia acquired Scandinavian Beverage Group in 2004. In 2010 Altia acquired a portfolio of wine brands including Chill Out andBlossa Glögg and a portfolio of Swedish and Danish heritage spirits. The spirits portfolio consists of e.g.O. P. Anderson,Skåne Akvavit,Svenska Nubbar,1-Enkelt Bitter,Brøndums Snaps,Larsen Cognac,Explorer Vodka,Kronvodka,Lord Calvert Canadian Whisky andBarracuda Rum. The acquisition also included Svendborg bottling facility in Denmark and the logistics centres in Odense, Denmark, and Årsta, Sweden.[1][2]
In 2018, Altia became a publicly tradeable company on the Helsinki Stock Exchange.[3]
The most famous own products of Altia areKoskenkorva andJaloviina in Finland, Explorer Vodka, Grönstedt's Cognac, Blossa Glögg and Chill Out wines in Sweden, 1 Enkelt in Denmark, Saaremaa Vodka in Estonia andRenault Cognac in Travel Trade. Altia also producesFinlandia Vodka, which is wholly owned by the US spirits company,Brown-Forman.[4] The sale of Finlandia to Brown-Forman Corporation is part of a broader privatization program to reduce Finland's government ownership of state-enterprise.[5]
In 2020, Altia proposed a merger with the Norwegian alcohol wholesalerArcus, subject to approval bycompetition regulators in Finland, Norway, and Sweden, where the new company will operate.[6] The merger was completed 1 September 2021 formingAnora Group.[7]
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