Emperador Distillers is mulling over the acquisition of British spirits business Whyte and Mackay from United Spirits.

Following the acquisition which may be valued at about $675m, Emperador is expected to get closer to its goal of achieving a share of 33% of the global brandy market in a period of four years, reports Bloomberg.

An agreement between the two companies to this effect has not been signed yet.

Diageo, which owns a controlling stake in United Spirits, has formed a collaboration with Emperador in March in a bid to expand the availability of its alcoholic beverages to the Philippines.

The company offers Johnnie Walker Scotch whisky, Crown Royal Canadian whisky, J&B Scotch whisky, Buchanan’s Scotch whisky, Windsor Premier Scotch whisky, Bushmills Irish whiskey, Smirnoff vodka, Ketel One vodka, Cîroc vodka, Captain Morgan rum and rum based products, Baileys Irish Cream liqueur, Tanqueray gin, and Guinness stout.

In addition, Emperador is set to boost its production capacity at a facility in Biñan, Laguna, by investing PHP4bn ($89.9m) in order to double its sales over the next four years.

The local facility had been acquired by the company from the Philippine unit of Diageo in 2012.