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# Sazerac Said to Explore Deal with Brown-Forman
- URL: https://bevnews.net/sazerac-said-to-explore-deal-with-brown-forman/
- Published: 2026-04-10T10:39:11.000Z
- Updated: 2026-04-10T10:39:11.000Z
- Author: Joel Whitaker
- Tags: Acquisitions

Citing unnamed sources, Reuters and The Wall Street Journal are reporting that **Sazerac Co.** is exploring a deal for **Brown-Forman.**  It's been previously reported that Pernod Ricard is also in talks that may lead to a merger with the largest U.S. distiller by market cap. 

On a global basis, Brown-Forman is the world's 11th largest publicly held distiller by market cap. 

Brown-Forman's shares jumped 11.44% following the report of Sazerac's interest. 

In the fiscal year ended April 30, 2025, Brown-Forman's net sales were $4 billion, down 5% from the prior year. Privately held Sazerac's sales are said to be in the $3 billion tp $5 billion range. 

Pernod Ricard is the No. 4 global distiller by market cap, but it also is involved in wines. Combining Brown-Forman and Pernod would produce an entity with a market cap of $33.18 billion, making it larger than Constellation Brands, the largest U.S.-based bev/al company. .