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, […]
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 […]
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, […]
Drinks acquisition news : Brown-Forman, a major US spirits and wines company, has agreed to acquire The 86 Company to add Fords Gin, a cocktail gin to its portfolio. Fords Gin, which is a blend of nine botanicals, begins with a traditional base of juniper and coriander seed, which is balanced by citrus, spices and […]
Drinks acquisition news : Two of Seattle’s brewery companies Schooner Brewing and San Juan Seltzer have merged into a single entity to focus on new offerings. Financial terms of the merger were not disclosed. San Juan Seltzer started in May 2018 with the Northwest brewed, spiked sparkling water. The spiked seltzer company claims that its […]
The Great Oregon Wine Company (GOWC), an Oregon-based winery owned by Integrated Beverage Group, has acquired Duck Pond Cellars, a Willamette Valley winery for an undisclosed price. Duck Pond Cellars, a family-owned winery was founded in 1991 by Doug and Jo Ann Fries and is known for making Pinot Gris, Pinot Noir and Chardonnay wine varieties. […]
PepsiCo acquisition of SodaStream : Soft drinks giant PepsiCo has agreed to acquire sparkling water brand SodaStream International for $3.2 billion in an all-cash deal as per the latest drinks acquisition news. Under the terms of the deal, PepsiCo will buy each of the Israel-based SodaStream shares for $144.00. SodaStream is also a manufacturer and […]
Drinks acquisition news : Dutch brewing company Heineken has agreed to acquire a stake of 40% in CRH (Beer) Limited (CBL), the owner of Chinese brewing company China Resources Beer (CR Beer), for HK$24.3 billion ($3.1 billion), from China Resources Enterprise. CR Beer, in turn, is the owner of the Snow beer brand, in which […]
Drinks industry news : French drinks company Pernod Ricard’s subsidiary Pernod Ricard USA has taken over full ownership of Avion Spirits by buying out the remaining stake it previously didn’t own from its joint venture partner Tequila Avion for an undisclosed price. In July 2014, Pernod Ricard acquired a majority stake in Avion Spirits, which […]
Drinks acquisition news : Vietnam Beverage, a subsidiary of Thai Beverage (ThaiBev), arguably the largest beverage company in Thailand has won a bid to acquire a stake of 54% in Vietnamese state-owned brewer Saigon Beer Alcohol Beverage Joint Stock Corp (Sabeco) for a sum of SGD 6.5 billion ($4.8 billion). Vietnam Beverage is the domestic […]