LONDON, Feb 3 (Reuters) - Former head of whisky company Whyte & Mackay, Vivian Imerman, has bought a controlling stake in niche South African spirits company TNB, aiming to tap the African emerging middle class's taste for alcoholic drinks.
Once dubbed "The Man from Del Monte" after turning the fruit company around, Imerman paid 200 million rand ($18 million) for the majority stake. He is still interested in buying Whyte & Mackay from Diageo
The British company is trying to ease antitrust concerns after buying a stake in United Spirits
Imerman's investment vehicle, Vasari, said it would use TNB as a way in to "significantly more" investment in new spirits brands and more African markets.
Privately owned TNB sells a range of flavored liqueurs, creams and infused whiskies such as Ponchos, Carvo, Kandi and Fruit Lagoon in South Africa, as well as other markets including Nigeria, Zimbabwe and Australia.
Vasari, set up to invest in consumer goods in emerging markets, has hired SABMiller
(Reporting by Martinne Geller; Editing by Louise Ireland)
((martinne.geller@thomsonreuters.com)(+44 207 542 0797)(Reuters Messaging: martinne.geller.thomsonreuters.com@reuters.net))
Keywords: TNB VASARI/