Cuervo tequila maker Becle eyes more volumes in U.S., Canada in 2023
February 17, 2023 at 10:55 am EST
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MEXICO CITY (Reuters) - Mexican distiller Becle, parent company of the popular Jose Cuervo tequila brand, on Friday forecast its volumes would grow by a "mid single-digit" in the United States and Canada this year, as it sells more spirits across North America.
The firm, which a day earlier reported a 12% decline in fourth-quarter net profit, also said that glass shortages it had reported earlier in the year appeared to be easing and that it was broadening its supplier base.
(Reporting by Sarah Morland and Aida Pelaez-Fernandez; Editing by Anthony Esposito)
Becle SAB de CV is a Mexico-based company engaged in the beverages industry. The Company focuses on the production, bottling, trade and distribution of alcoholic and non-alcoholic beverages. Its offer includes various types of tequila distributed under own Jose Cuervo brand name, non-alcoholic drinks, ready-to-drink beverages, as well as other distilled alcohols distributed under third-party brand names, including Three Olives, Hangar 1, Stranahan's, Bushmills and Boodles. Its distribution chain comprises operations in the United States, Mexico and other countries. In addition, the Company is involved in the farming and processing of blue agave. The Company owns a number of subsidiaries, such as Tequila Cuervo la Rojena SA de CV, Casa Cuervo SA de CV and Azul Agricultra y Servicios SA de CV.
BECLE, S.A.B. DE C.V. 
