Australia: Lark Distilling to acquire Kernke Family Shene Estate
Lark Distilling, Australia’s leading single malt whisky distillery, has announced the acquisition of Kernke Family Shene Estate, in an A$40 million ($29 million) deal. The acquisition of Kernke Family Shene Estate, the owner of the Pontville Distillery and Estate, will include 40 acres of land and buildings, a 130,000-litre distillery, a cellar door, eight bond stores, […]
Mexico: Diageo to invest over $500 million to grow tequila category
Diageo, the leading alcoholic drinks firm, has announced its plans to invest more than $500 million to expand its tequila manufacturing footprint in Mexico. In a statement, the company said it was planning to build new facilities to expand production capacity in the state of Jalisco, creating over 1,000 jobs. “This exciting investment in Mexico […]
China: Diageo to create a R&D centre in Shanghai
Diageo, the leading alcoholic drinks firm, has announced the creation of a new research and development (R&D) centre in Shanghai to develop products for the Chinese market. The state-of-the-art centre, which is said to be the first of its kind in the beverage alcohol sector in Shanghai ,will primarily support the China market and will […]
USA: Altria to sell Ste. Michelle Wine Estates Business
Multinational tobacco firm Altria Group has announced that its subsidiary, UST LLC, has entered into a definitive agreement to sell its Ste. Michelle Wine Estates to Sycamore Partners Management private equity firm for a price of approximately $1.2 billion. Ste. Michelle Wine Estates is the largest winery in the Pacific Northwest and among the largest […]
Mexico: Diageo to buy Casa UM
Diageo, the leading alcoholic drinks firm, has announced the acquisition of Mexican Mezcal Union through beverage producer Casa UM for an undisclosed sum. Both companies had previously worked in partnership, which reportedly enabled Mezcal Union to grow its brand distribution network in Mexico, the USA, and other countries. With this acquisition, the company will continue […]
India: Heineken to acquire United Breweries
Heineken, the multinational Dutch brewer, has announced the acquisition of United Breweries Limited (UBL) the India-based brewing company. The movement comes after the acquisition of additional shares, taking its shareholding in UBL to 61.5% on 23 June 2021. According to Heineken’s press release, India is an existing long-term growth opportunity for the company due to […]
USA: Beam Suntory and the Boston Beer Company form partnership
Japanese-American world leader in premium spirits firm Beam Suntory has announced that it has formed a long-term strategic partnership with The Boston Beer Company. According to Beam Suntory’s statement, the goal of the partnership is to expand iconic brands across fastest growing alcoholic beverages segments. The companies plan to initially launch Sauza tequila in the […]
USA: Altria to sell Ste Michelle to Sycamore Partners
Multinational tobacco firm Altria Group Inc has announced that its subsidiary, UST LLC, has entered an agreement to sell the Ste Michelle Wine Estates business to Sycamore Partners Management, LP., a private equity firm specializing in consumer, retail, and distribution investments. According to sources, the sale will enable Altria to focus on their vision of […]
Australia: Accolade Wines to acquire UK brand Lambrini
Australian wine business Accolade Wines has announced the acquisition of the Lambrini perry brand from Halewood Artisanal Spirits for an undisclosed sum. Founded in 1994, Lambrini is a light and fruity perry manufacturer in the UK. According to sources, the deal follows Accolade Wines’ growth strategy to expand its presence in the UK. Lambrini will […]
Italy: Italian Wine Brands to acquire Enoitalia
Italian Wine Brands (IWB), an Italian winery, has announced the acquisition of 100% of its peer Enoitalia for an equity value of €150 million ($179 million). With both companies each generating a little over €200 million ($239 million) in annual sales, the deal is set to create Italy’s largest private wine company. The acquisition of […]