Acquisitions

A collection of 69 posts

Acquisitions

Pernod Ricard Mulls Sale of Its Wine Portfolio

This is the second time since 2019 that Pernod has reportedly sought to sell its wine business, which peviously was valued at about $1 billion.  The plan to sell the portfolio was first reported in the Australian Financial Review. No decision has been reached on a sale of Pernod's wine

Acquisitions

Gallo Paid $85.6 Million to Buy Rombauer Vineyards

That's according to records in the Napa County Recorder's Office examined by the Napa Valley Register. Gallo had said the acquisition includes the Rombauer Vineyards brand, three winery and production facilities, two tasting rooms with vineyard views, and over 700 acres of sustainably farmed vineyards in Carneros, Atlas Peak, St.

Acquisitions

Saronno to Buy Majority Stake in Sagamore Spirit

Illva Saronno Holding SpA, known for the popular Italian liqueur Disaronno, said it purchased a majority stake in Sagamore Spirit and plans to move its North American headquarters to Baltimore Peninsula in South Baltimore, where Sagamore's distillery is located. The company's North American headquarters is currently in Somerset, New Jersey.

Acquisitions

Splash Beverage to Buy Western Son Vodka

Splash Beverage Group, Inc. said it executed a Letter of Intent to acquire JEM Beverage Management Co. owners of the Western Son Vodka brand .  Terms of the transaction have not been disclosed as they are subject to reaching a definitive agreement. Western Son Vodka, founded in 2011 is headquartered in

Acquisitions

Royal Wine Acquires Sonoma-Loeb Winery

Royal Wine Corp. acquired Northern California’s legacy winery Sonoma-Loeb, founded in 1981 by Ambassador to Denmark and American business magnate John L. Loeb, Jr. Terms weren't disclosed. Under the guidance of Chappellet Winery owners Don and Molly Chappellet and winemaker Philip Corralo-Titus, Sonoma-Loeb has risen to become one of

Acquisitions

E&J Gallo Buys Rombauer Vineyards

E. & J. Gallo’s Luxury Wine Group said it agreed to purchase Rombauer Vineyards, producer of critically acclaimed wines from Napa Valley, Sonoma County, the Sierra Foothills, and the Santa Lucia Highlands.  Terms weren't disclosed. Founded in 1980 by Koerner and Joan Rombauer, Rombauer Vineyards is known for its high-quality

Acquisitions

Heineken Completes Exit from Russia

Heineken N.V. said it completed the sale of 100% of its Russian business to Arnest Group for 1 Euro.  All remaining assets, including seven breweries in Russia, will be transferred to the new owners. Arnest Group owns a major can packaging business and is the largest Russian manufacturer of

Acquisitions

Brion Wise Buys Estate in Pritchard Hill

Brion Wise, a former oil industry executive turned winery owner, has acquired Montagna, a 128-acre estate, at 1,200 feet elevation, which includes 42 acres and a 20,000-foot cave atop Napa's Pritchard Hill. Terms weren't disclosed, but in the early 2000s ot listed for $55 million. It will become

Acquisitions

Farm Together Buys Hidden Oaks Vineyard

Hidden Oaks Vineyard in Clements, Calif., was recently purchased for $3.2 million by FarmTogether Inc. The 102-acre organic cabernet sauvignon vineyard will continue its operations with the new owners overseeing the business management and production of the vineyard. The Land Advisors Organization's agriculture specialists Quinn Mulrooney and Jonathan Kendall

Acquisitions

Who Is Bill Price?

A vintner and entrepreneur, Bill is the proprietor of Price Family Vineyards & Estates, whose Head High Wines pledged 100% of online sales to Maui relief effort. Price Family Vineyards & Estates includes the ownership and management of iconic Sonoma Coast vineyards including Durell, Gap’s Crown, Walala, Alana, One Sky, and

Acquisitions

St. Supery Buys 48-Acre Vineyard for $14.8 Million

St. Supery Estate Vineyards & Winery purchased a 48-acre vineyard in Napa Valley's Rutherford appellation. The seller was LMR Wine Estates, and the transaction was estimated to be valued at $14.8 million. The purchase brings St. Supery's Napa Valley holdings to more than 1,600 acres, include 575 vineyard acres.

Acquisitions

Get Ready for Next Round of M&A

Now is the time to prepare for the next wave of beverage mergers and acquisitions, whether it's lining up targets, getting finances in order, or identifying the biggest long-term trends that you need to lay the groundwork for now, Jim Watson, RaboResearch senior beverage analyst, says in a new report.

Acquisitions

Molson Coors to Acquire Blue Run Spirits

Molson Coors Beverage Company agreed to acquire Blue Run Spirits (“Blue Run”), an  award-winning producer of finely crafted bourbon and rye whiskies. The deal represents another step in Molson Coors’ evolution as a total beverage company while providing Blue Run with resources to continue its growth, the companies said. . Based

Acquisitions

Spring Mountain Vineyard Names New CEO, Outlines Planned Renovations

Spring Mountain Vineyard named Peter Ekman CEO as it emerges from Bankruptcy Act proceedings following its purchase by MGG Investment Group and injection of new capital. Ekman has more than 25 years experience in revitalizing businesses. Numerous renovations are planned to the 845-acre property which was the setting for the

Acquisitions

Ste. Michelle to Trim Grape Purchases 40%

Ste. Michelle Wine Estates plans to reduce total anticipated grape supply by 40% over the next five years, and has begun negotiating with individual growers over contracts it no longer wishes to continue. News of Ste. Michelle's cutback was delivered at a meeting with growers, according to Sean P. Sullivan,

Acquisitions

Rack & Riddle Acquires Weibel Family Winery

Rack & Riddle acquired Weibel Family Winery in Lodi, Calif.  The acquisition makes Rack & Riddle the largest premium, custom sparkling wine producer in the U.S. Rack & Riddle began in 2007 as a small company focused on producing superior sparkling wine on contract for other wineries using the Methode Champenoise.   Earlier

Acquisitions

Opici Wines & Spirits to Acquire Pacific Highway Wines

Opici Wines & Spirits agreed to acquire Pacific Highway Wines from Robert Oatley Vineyards and Giesen Group, Pacific Highway's owners.  With the addition of the Pacific Highway Wines portfolio, Opici's business will exceed 1 million 9-liter cases annually. Terms weren't disclosed. “This acquisition is a unique strategic opportunity to add a

Acquisitions

Marchesi Frescobaldi to Acquire Domaine Roy & fils in U.S. Expansion

Marchesi Frescobaldi said it agreed to purchase Domaine Roy & fils, one of Oregon's most prestigious wine producers located in the heart of the Willamette Valley.  The transaction is expected to close before the end of July 2023. Terms weren't disclosed. Lamberto Frescobaldi, President Marchesi Frescobaldi commented “At this stage of

Acquisitions

Narragansett Leads Efforts to Save Anchor Brewing

Two days after Benjamin Bosis started a petition on Change.org to support creating a fund or finding a buyer so Anchor Brewing Co. can separate from Sapporo and operate independently, Narragansett Beer did the same thing. The Narragansett petition notes that "18 years ago, our community rallied together and

Acquisitions

Anchor Brewing Closing After 127 Years

Wallowing in red ink, Anchor Brewing Co., is closing its doors on Potrero Hill, San Francisco.  The brewery was "losing millions of dollars a year," said Sam Singer, spokesman.  "Economic pressures made the business no longer sustainable." Employees were notified of the closure by email Wednesday (7/12).  Its taproom

Acquisitions

Marchesi Antinori Completes Acquisition of Stag's Leap Wine Cellars

Marchesi Antinori, one of the oldest Italian family-owned fine wine producers, has completed its previously announced acquisition of Stag's Leap Wine Cellars from Ste. Michelle Wine Estates, the largest winery in the Pacific Northwest and among the largest premium wineries in the U.S. This acquisition is the culmination of

Acquisitions

Rodney Strong Acquires River West Vineyard

Rodney Strong Wine Estates (RSWE) said it acquired River West Vineyard, a premium quality vineyard totaling 335 acres in the world-renowned Russian River Valley appellation of California. River West Vineyard has served as a single vineyard source of Chardonnay for several Rodney Strong Vineyards and Davis Bynum Wines since the

Acquisitions

AllOver Media Acquires Boxi

All Over Media, the largest multi-platform out-of-home media company in the U.S., has just acquired Boxi, the nation's largest truck media company.  Terms weren't disclosed. “In the twelve months ending in March 2023, U.S. drivers have logged 3.27 trillion miles, higher than any other comparable 12-month period

Acquisitions

E&J Gallo Acquires Hahn Family Wines

The acquisition complements Gallo's existing Central Coast offerings, including the Smith & Hook, Hahn, and Hahn SLH brands. Terms weren't disclosed. The transaction excludes the Hahn family's vineyard assets. "For over forty years, the Hahn family and their incredible team have produced expressive terroir-driven, quality wines from the Santa Lucia Highlands,

Acquisitions

Truth in Labeling? Guinness Baltimore Blonde to Be Brewed in New York

In a couple of months, a consumer who buys Guinness Baltimore Blonde beer will be buying a product brewed in New York, not in Maryland, much less in Baltimore, Diageo announced. Guinness Baltimore Blonde has been produced at the Guiness Open Gate Brewery in Halethorp, just outside of Baltimore.  Dageo