Latest Posts Under: Drinks acquisition news

Constellation Brands, E. & J. Gallo Winery sign revised deal to address FTC concerns

US drinks companies Constellation Brands and E. & J. Gallo Winery have agreed to revise their previously announced $1.7 billion deal in order to address regulatory concerns, as per the latest drinks acquisition news. Constellation Brands said that the revisions to the transaction are to resolve competitive issues brought up by the US Federal Trade […]

AB InBev to take 100% stake in craft beers producer Craft Brew Alliance

AB InBev acquisition of Craft Brew Alliance : Belgian drinks giant Anheuser-Busch InBev (AB InBev) has agreed to take full ownership in Portland-based craft brewing company Craft Brew Alliance (CBA) in a deal worth around $321 million, as per the latest drinks acquisition news. Currently, AB InBev holds a stake of 31.2% in Craft Brew […]

Pernod Ricard acquires Castle Brands for $223m

Pernod Ricard acquisition of Castle Brands : French alcoholic drinks producer Pernod Ricard has wrapped up its previously announced $223 million acquisition of US-based Castle Brands, the owner of Jefferson’s Bourbon brand. The deal was announced in August 2019 under which the French drinks company offered to pay $1.27 per share to acquire 100% of […]

SBD Capital to acquire Canadian cannabis beverage company Drip Beverages

SBD Capital acquisition of Drip Beverages : SBD Capital, a publicly-traded company, has issued a non-binding letter of intent to acquire Canada-based cannabis beverage and lifestyle brand Drip Beverages, as per the latest drinks acquisition news. The proposed acquisition of Drip Beverages will help SBD Capital foray into the cannabis beverage industry and further reinforce […]

Coca Cola HBC to acquire Italian beverage company Lurisia for US$97m

Coca Cola HBC acquisition of Lurisia : Coca Cola Hellenic Bottling Company (Coca Cola HBC), a Swiss bottling partner of The Coca‑Cola, has agreed to acquire Lurisia, an Italian natural mineral water and adult sparkling beverages firm, for the total enterprise value of €88 million (US$97 million). The acquisition executed through Coca Cola HBC’s wholly-owned […]

Carlton & United Breweries acquires Riot Wine, expands portfolio

Carlton & United Breweries acquisition of Riot Wine : Anheuser-Busch InBev (AB InBev) subsidiary Carlton & United Breweries (CUB) has acquired Australian canned wine company Riot Wine for an undisclosed amount, as per the latest drinks acquisition news. Adelaide-based Riot Wine is said to be the only wine company in the country that sells wine […]

Diageo acquires majority stake in non-alcoholic spirits brand Seedlip

Diageo investment in Seedlip: Diageo, through its startup accelerator program Distill Ventures, has acquired a majority stake in Seedlip, which is claimed to be the world’s first distilled non-alcoholic spirits brand, as per the latest drinks acquisition news. The acquisition marks the first non-alcoholic brand acquired by the beverage alcohol producer through Distill Ventures. Seedlip, […]

Pernod Ricard to buy Texan craft whiskey distillery Firestone & Robertson

French drinks giant Pernod Ricard, through its subsidiary Pernod Ricard USA, has agreed to acquire Texan craft whiskey distillery Firestone & Robertson Distilling, the owner of the TX whiskey brand, as per the latest drinks acquisition news. Financial terms of Pernod Ricard acquisition of Firestone & Robertson Distilling were not disclosed. The portfolio of the […]

AB InBev to divest Carlton & United Breweries to Asahi for $11.3bn

Belgian drinks giant Anheuser-Busch InBev (AB InBev) will sell its Australian business, Carlton & United Breweries (CUB), to Japanese drinks company Asahi Group for approximately $11.3 billion. Based in Melbourne, the portfolio of Carlton & United Breweries includes Foster’s, Victoria Bitter and Carlton. The company employs around 1500 people. As part of the sale agreement, […]

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