USA: Constellation Brands to buy brewing facility for $600 milllion
Constellation Brands, the US alcoholic drinks firm, has agreed to a deal to buy a brewing facility from Grupo Modelo, an Anheuser-Busch InBev subsidiary, at a cost of $600 million. The Mexican facility, located in Obregon will come under the control of Constellation once the deal has been completed. The company plans on increasing the […]
France: Remy-Cointreau in talks to acquire Domaine des Hautes Glaces
French spirits firm Remy-Cointreau has announced that it has entered into exclusive negotiations to acquire Domaine des Hautes Glaces, a distiller of single malt whiskies, with a view to acquiring its entire share capital. Created in 2009, Domaine des Hautes Glaces produces single malt whiskies from the Trieves Mountains, an area located in the French Alps […]
Canada: Constellation Brands Canada acquired by Ontario Teachers’ Pension Plan
The Canadian wine business of US-based international beer, wine and spirits producer and distributor Constellation Brands is to be acquired by institutional investor Ontario Teachers’ Pension Plan for approximately C$1.03 billion ($782.5 million). Operating in the US, Canada, Mexico, New Zealand and Italy, Constellation Brands is described as the market leader in Canada with almost […]
Japan: Kirin buys minority stake in Brooklyn Brewery
Kirin, the Japanese brewery firm, has announced that it has bought a minority share of 24.5% in the US based Brooklyn Brewery as a first step towards a business partnership between both companies. Under the partnership, Kirin said it planned to further energize the craft beer market in Japan and Brazil while supporting the growth […]
France: Remy Cointreau and Bols sign Passoa joint venture
Remy Cointreau, the global wine and spirits firm, has joined forces with Dutch spirits business Bols to develop the Passoa brand internationally, the two companies have announced. The new joint venture will operate and further develop the global activities of the Passoa brand, Remy Cointreau and Bols said, with the former contributing the full Passoa activities, including […]
Japan: Asahi set to bid for SABMiller’s Eastern Europe brands – reports
Japanese beverage giant Asahi is set to table a bid in the order of ¥500 billion ($4.87 billion) to acquire brewer SABMiller’s assets in eastern Europe, according to reports in Nikkei and Beverage Daily. The brands to be sold include Pilsner Urquell in Czech Republic, Tyskie and Lech in Poland, Dreher in Hungary, Topvar in […]
Look Ahead: Nicolas Trentesaux, SIAL 2016
Gama spoke to Nicolas Trentesaux, Group Director, SIAL, ahead of the show’s latest two-yearly edition in Paris. What are your expectations for this year’s SIAL? SIAL Paris will showcase the food of today and invent the food of tomorrow. The show will open its doors on the same day the United Nations celebrates World Food […]
Russia: Heineken to halt Kaliningrad brewery production
Heineken, the Dutch brewer, has announced that it is to halt production at its brewery in Kaliningrad, Russia, according to a Reuters report. Citing declines in the Russian beer market, the beermaker described the move as a “forced measure” that would see brewing suspended from 1st January 2017, although parts of the site will still be […]
France: Pernod Ricard sells Fris brand to Sazerac
Pernod Ricard, the global wine and spirits giant, has announced that it has sold its Fris vodka brand to US spirits firm Sazerac. Describing Fris as a standard vodka selling 250,000 9-litre cases in the USA each year, the French firm said that the divestment was “in line with the Pernod Ricard strategy to focus […]
Belgium: AB InBev secures shareholder approval for SABMiller deal
AB InBev’s takeover of SABMiller, worth in the order of $100 billion, is set to be concluded after the deal received approval from shareholders. With the acquisition of SABMiller, AB InBev will hold 46% of global beer profits and 27% of global volume, according to a Wall St Journal report, simultaneously diminishing the company’s dependency […]