Next Century Spirits Acquires Blue Chair Bay Rum
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CBrands Acquires Spirits-Based RTD Brand SpikedAde
Constellation Brands, Inc. said it acquired SpikedAde, a differentiated, consumer-led, spirit-based, ready-to-drink (RTD) beverage brand competing in the emerging sports drink-inspired "Ade" segment.
The transaction includes a $75 million payment at close for 100% ownership of the business, plus up to $278 million
Martignetti Cos. to Acquire Girardi Distributors
Martignetti Cos., the leading distributor of wines, spirits, and beer in New England, said it agreed to acquire Girardi Distributors, LLC in Massachusetts, marking another milestone in its growth strategy.
Girardi Distributors, LLC is a fourth-generation, family-owned beverage distributor established in 1933 and services the Western and Central
Major Shareholder Rejects Sazerac Bid to Acquire Berentzen-Gruppe AG
Aevum, a Swiss pension fund, said the Sazerac Co.'s price is too low and doesn't fully reflect the German distiller's value. The fund, which holds about 10% of the company, said it will not accept Sazerac's offer and added it is continuing