Latest Posts Under: Drinks Industry 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 […]

BJ’s Wholesale Club launches Wellsley Farms premium spirits

BJ’s Wholesale Club, a US membership-only warehouse club chain, has announced the availability of a premium spirits collection from its exclusive Wellsley Farms brand. The retailer said that its members can buy the new spirits, which include vodka, Canadian Whisky, and Irish Whiskey, at select BJ’s clubs. Wellsley Farms spirits, which can be added to […]

TA Associates invests in Taiwanese tea brand Gong cha

Taiwanese tea brand Gong cha Group has closed an undisclosed investment from global growth private equity firm TA Associates. Established in 2006, Gong cha offers tea, products, and services by procuring ingredients from selected suppliers and giving customers freshly brewed tea. The company’s main product is the Taiwanese-style bubble tea, which is sweet milk tea […]

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 […]

Apothic Wines launches limited-edition Apothic Sparkling Red in US

Apothic Wines has rolled out its first-ever limited-edition Apothic Sparkling Red for red wine lovers in the US, as per the latest drinks industry news. The scarlet sparkler was masterfully crafted to be surprisingly refreshing with its lines of ruby bubbles and its notes of bright cherries, zingy citrus, and red apples, according to the […]

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