Arcus AS
Encyclopedia
Arcus AS is Norway
's largest wholesaler of wine
and liquor. It was cretated when it was demerged from the state owned
wine and liquor retailer Vinmonopolet
on January 1, 1996 to differ between the retailing, kept in Vinmonopolet, and the import, export, production and storage that was transferred to Arcus.
In July 2001 the Norwegian Ministry of Trade and Industry
sold 66% of the company to Sucra
, who were also granted an option to purchase the rest of the company, a transaction that took place in 2003. In 2005 Sucra sold Arcus to the Swedish
investment company Ratos
, including the partial ownership of Braastad
. Arcus has both storage of beverages from when it was demerged as well as recipes from Vinmonopolet, some of which date back a long time, including the recipes taken over from the purchase of Løitens Brænderi in 1927.
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
's largest wholesaler of wine
Wine
Wine is an alcoholic beverage, made of fermented fruit juice, usually from grapes. The natural chemical balance of grapes lets them ferment without the addition of sugars, acids, enzymes, or other nutrients. Grape wine is produced by fermenting crushed grapes using various types of yeast. Yeast...
and liquor. It was cretated when it was demerged from the state owned
Government-owned corporation
A government-owned corporation, state-owned company, state-owned entity, state enterprise, publicly owned corporation, government business enterprise, or parastatal is a legal entity created by a government to undertake commercial activities on behalf of an owner government...
wine and liquor retailer Vinmonopolet
Vinmonopolet
Vinmonopolet , symbolized by Ⓥ and colloquially shortened to Polet, is a government owned alcoholic beverage retailer and the only company allowed to sell beverages containing an alcohol content higher than 4.75% in Norway....
on January 1, 1996 to differ between the retailing, kept in Vinmonopolet, and the import, export, production and storage that was transferred to Arcus.
In July 2001 the Norwegian Ministry of Trade and Industry
Norwegian Ministry of Trade and Industry
The Royal Norwegian Ministry of Trade and Industry is a Norwegian ministry responsible for business, trade and industry. It is led by Trond Giske . The department must report to the legislature, Storting.-History:The Norwegian Ministry of Trade, Shipping, Industry, Craft and Fisheries was created...
sold 66% of the company to Sucra
Sucra
Sucra was a defunct Norwegian holding company that was created in 2001 to own the alcoholic beverage producer and importer Arcus after it had been privatized. Sucra's main owners were Tine, Gilde, Norske Potetindustrier and Ekjord. Sucra bought 66% of Arcus in 2001 and the rest of the company in...
, who were also granted an option to purchase the rest of the company, a transaction that took place in 2003. In 2005 Sucra sold Arcus to the Swedish
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
investment company Ratos
Ratos
Ratos AB is a Swedish private equity company founded in 1933 and still controlled by the Söderberg family. Ratos is listed on the Stockholm Stock Exchange.-History:...
, including the partial ownership of Braastad
Braastad
Braastad is a brand of cognac. It's a range of product from the cognac House Tiffon.The name Braastad was introduced when Sverre Braastad from Gjøvik, Norway, married the daughter of cognac producer Tiffon, Edith Rousseau, in 1913, and took over Tiffon, founded by Médéric Rousseau in 1875.The home...
. Arcus has both storage of beverages from when it was demerged as well as recipes from Vinmonopolet, some of which date back a long time, including the recipes taken over from the purchase of Løitens Brænderi in 1927.