In a significant move within the whiskey industry, Brown-Forman Corporation (NYSE: BFA, BFB) announced the sale of its Jack Daniel Cooperage in Trinity, Alabama, to Independent Stave Company (ISCO), a leader in barrel manufacturing. Expected to close by May 1, 2024, the sale marks a strategic shift in operations, with the cooperage set to be […]
Asahi Europe & International (AEI), a subsidiary of Asahi Group Holdings, announced its acquisition of Octopi Brewing, a leading beverage production facility in Waunakee, Wisconsin. This significant investment marks the first U.S. brewing of Asahi Super Dry, Japan’s most popular beer, aligning with AEI’s global growth strategy. The North American facility aims to boost Asahi’s […]
In a strategic move aimed at enhancing its premium brand portfolio, Brown-Forman Corporation (NYSE: BFA, BFB) has completed the sale of its renowned Finlandia vodka brand to Coca-Cola HBC AG for a deal valued at $220 million. This sale aligns with Brown-Forman’s vision for brand innovation and portfolio premiumization. Brown-Forman Advances Strategic Portfolio Optimization with […]
Dutch brewing giant HEINEKEN announced today the completion of its transaction to sell its Russian operations to Arnest Group. This move finalizes HEINEKEN’s exit from Russia, a process initiated in March 2022. All required approvals for the transaction have been received, concluding a phase that incurs an expected total cumulative loss of €300m for HEINEKEN. […]
Coca-Cola Europacific Partners plc (CCEP) and Aboitiz Equity Ventures Inc. (AEV) have announced their intention to jointly acquire Coca-Cola Beverages Philippines, Inc. (CCBPI) from The Coca-Cola Company (KO). The proposed acquisition, valued at US$1.8 billion (on a debt-free cash-free basis), aims to solidify Coca-Cola Europacific Partners’ position as the world’s largest Coca-Cola bottler by revenue […]
Richardson Malting, a UK-based subsidiary of Canadian agriculture and food processing giant Richardson International, has acquired Ragleth Limited, the holding company for Anglia Maltings (Holdings) Limited. This strategic move is in response to the escalating global demand for malt, predominantly spurred by brewing and distilling industries, marking a major development in the international malt production […]
Monster Beverage Corporation, the maker of energy drink Monster Energy, and Vital Pharmaceuticals (d/b/a Bang Energy) have revealed their plans to enter an asset purchase agreement (APA). Under this agreement, a subsidiary of Monster Beverage would acquire the majority of Bang Energy’s assets. This transaction includes a beverage production facility based in Phoenix, Arizona, but […]
Royal Unibrew A/S, a Danish brewing and beverage company, has announced the signing of an agreement to purchase Vrumona from Heineken. As the second largest soft drinks player in the Dutch market, Vrumona has a strong portfolio of both its own brands and partner brands. The company, based near Utrecht, boasts over 300 employees. The […]
Pernod Ricard USA has agreed to acquire a majority stake in Skrewball, a peanut butter-flavored American whiskey, for an undisclosed price. Skrewball, which is said to have a smooth and nutty flavor, was established in 2018 by Steven Yeng and Brittany Yeng, who said: “It’s overwhelming to see how far we’ve come with a ‘screwball’ […]
Reliance Retail Ventures Limited (RRVL) said that its FMCG arm Reliance Consumer Products Limited (RCPL) will acquire a 50% stake in Sosyo Hajoori Beverages (SHBPL), a Gujarat-based beverage company. The financial terms of the deal were not disclosed by Reliance Retail Ventures, which is part of Indian conglomerate Reliance Industries. Through the deal, Reliance Consumer […]