Deutsch Family Wine & Spirits has acquired a partial ownership stake in Cantera Negra Tequila from Two Sons Imports following a joint venture agreement. The financial terms of the deal were not divulged. The transaction will enable Deutsch Family Wine & Spirits to increase its spirits portfolio through Cantera Negra Café, a 100% blue agave […]
Swire Coca-Cola, a wholly-owned subsidiary of Swire Pacific, has acquired the bottling business of Cambodia Beverage Company, marking the company’s first foray into the Southeast Asian beverage market. Cambodia Beverage Company is a subsidiary of Coca-Cola in Cambodia and employs approximately 900 people. Patrick Healy — Swire Coca-Cola Chairman said: “The completion of the Cambodia […]
EARI Beverage Group, a spirit and functional drinks manufacturer, has acquired Madre Agave, a US-registered corporation, for an undisclosed amount. The acquisition will offer EARI Beverage Group a cross-category entry into both the wine and spirits categories. Madre Agave is an agave wine produced from Weber Blue Agave and clocks in at 22% alcohol by […]
American Beverage Corporation, a fully-owned subsidiary of Harvest Hill Beverage Company, has acquired Chicago-based Poppilu, a kids’ lemonade brand in the US. The financial terms of the deal were not disclosed. Poppilu is an organic beverage and is available in Original Lemon, Peach lemonade, and Blueberry flavors. Sold in pouches, Poppilu is said to contain […]
Keurig Dr Pepper has invested $50 million to acquire a minority stake in Athletic Brewing Company, an American non-alcoholic craft beer maker. The move marks the entry of the North American beverage company into the rapidly emerging beverage segments. The investment by Keurig Dr Pepper is said to form part of a $75 million fundraising […]
Tilray Brands, a NASDAQ and TSX-listed pharmaceutical, cannabis-lifestyle, and consumer packaged goods company, has acquired Montauk Brewing Company, a craft brewer in Metro New York. The financial terms of the deal were not disclosed. Through the deal, Tilray Brands will expand and strengthen its footprint in the US. It is expected to scale Tilray Brands’ […]
Next Century Spirits (NCS), a US-based spirits company, has acquired XED Beverages, a health-conscious beverages retailer, for an undisclosed price. The acquisition is expected to fast-track the emergence of Next Century Spirits as a total beverage alcohol company. It comes close on the heels of Next Century Spirits launch of Truthteller 1839 Whiskey in association […]
Campari Group, an Italian beverages company, has agreed to acquire an initial 70% interest of the outstanding capital of Wilderness Trail Distillery, located in Danville, Kentucky, for $420 million (€420 million) based on the distillery value of $600 million (€600 million). Established in 2012, the craft distillery launched two proprietary Wilderness Trail expressions — Wilderness […]
China Resources Beer (Holdings) Company has agreed to acquire a stake of 55.19% in Guizhou Jinsha Jiaojiu Winery Industry Co., for a total consideration of $1.68 billion. The transaction is expected to allow China Resources Beer to expand its baijiu business in the country. Based in Guizhou, China, Guizhou Jinsha Winery has acquired a high-quality […]
Dutch beverage solutions provider Refresco Group B.V. has agreed to acquire Tru Blu Beverages, an Australian manufacturer of non-alcoholic beverages, for an undisclosed price. Tru Blu Beverages, which is privately-owned, supplies non-alcoholic beverages to Australian retailers and brand owners. The company has a workforce of more than 400 people and has three beverage manufacturing plants […]