USA: Pernod Ricard announes acquisition of Castle Brands
Wine and spirits multinational Pernod Ricard has announced the acquisition of Castle Brands, a New York based spirits firm, for $223 million. Castle Brands market a range of “high end premium brands” that includes Arran whisky, Boru Irish vodka, Brady’s Irish cream, Clontarf whiskey, Celtic honey liqueur, Goslings rum, Gozio amaretto, Jefferson’s bourbon, Knappogue Castle whiskey […]
Brazil: Diageo to build new plant for Ypioca cachaca
Diageo, the leading alcoholic drinks multinational, has announced plans to invest R$100 million ($24 million) to construct a new facility for its Ypioca cachaca brand in north-eastern Brazil, according to a report in Giro News. Located in Itaitinga, in Ceara state, the new plant will bring together manufacturing and administrative operations for the Ypioca brand, […]
UK: Greene King to be sold to CK Asset Holdings
CK Asset Holdings, a Hong Kong private equity company, has agreed a deal to acquire Greene King, Britain’s largest pub and brewery company, in a deal worth £4.6 billion ($5.6 billion), according to a Reuters report. CK Asset Holdings is said to be paying £2.7 billion ($3.3 billion) for the beer firm, in addition to […]
USA: Constellation Brands to sell Black Velvet whisky to Heaven Hill
Constellation Brands, the leading wine and spirits ompan company, has announced an agreement to sell its Black Velvet Canadian whisky brand to the distiller Heaven Hill for approximately $266 million. The firm said the sale formed part ot its “wine and spirits business transformation strategy”, including a focus on premium brands. The deal, which also includes a facility in Lethbridge, […]
USA: Pernod Richard to acquire Firestone & Robertson
Wine and spirits company Pernod Ricard has announced the acquisition of Firestone & Robertson, the owner of the TX brand range of “super-premium” whiskey and bourbon, via its US arm, for an undisclosed sum. The deal also includes the “Whiskey Ranch” distillery in Fort Worth, Texas, “where consumers can enjoy the full TX brand Experience”. In […]
USA: Constellation Brands makes investment in Montanya Distillers
US-based alcoholic drinks firm Constellation Brands has announced it has acquired a minority stake in Montanya Distillers, a US rum firm, for an undisclosed sum. Montanya Distillers was originally founded in Silverton, CO in 2008 by Karen and Brice Hoskin and markets the Montanya Platino, Montanya Oro, Montanya Exclusiva, and Montanya Aniversaria range of rum. […]
France: Campari in negotiations to acquire rum brands Trois Rivieres and Maison La Mauny
Campari, the Italy-based spirits group, has announced that it has entered into exclusive negotiations with Compagnie Financiere Chevrillon and a group of minority shareholders to acquire the French company Rhumantilles, owner of 96.5% of the Martinique-based rum maker Bellonnie & Bourdillon Successeurs. Campari described Bellonnie & Bourdillon Successeurs as “an iconic ‘Rhum Agricole’ producer with […]
Australia: AB InBev sells Australia unit to Asahi
AB InBev, the world-leading brewer, has announced it has agreed to divest Carlton & United Breweries to Japanese beermaker Asahi for an enterprise value of A$16 billion ($11.3 billion). As part of the transaction, AB InBev said it would grant Asahi the rights to commercialize the portfolio of AB InBev’s global and international brands in […]
Italy: Peroni invests €13 million in new bottling plant
Peroni, the Italian beer firm now owned by Asahi, has announced it has invested €13 million ($14.6 million) to open a new line at its bottling plant in the southern Italian city of Bari. The company said recent investments at the site had allowed it to surpass volumes of 1.8 million hectolitres in 2018, representing […]
USA: Anheuser-Busch to acquire remaining stake in Babe Wine
Anheuser-Busch, the leading US brewer and AB InBev subsidiary, has announced it will take full control of wine company Babe Wine through its affiliate ZX Ventures, by buying the outstanding shares in the firm. Babe Wine was launched as Swish Beverage in 2016, with the aim of creating a “fun, inclusive and portable product”. According […]