Acquisitions

Winebow Imports welcomes Pecchenino, a family-run winery in Piedmont, and Podere Forte, a Demeter-certified biodynamic estate in Tuscany's Val d'Orcia, to the Heritage Division of Winebow Imports, effective Jan. 1, 2024. "We are delighted to have these esteemed wineries join our Italian portfolio," said

Duckhorn Portfolio acquired to acquire Sonoma-Cutrer Vineyards from Brown-Forman Corp. for about $400 million to be paid in a combination of Dockhorn stock and cash. This acquisition will enhance Duckhorn Portfolio as a leading luxury ($15+ per bottle) wine company in the U.S., while rounding out its portfolio by

Cooper Mountain Vineyards, a pioneer in Willamette Valley winemaking since its establishment in 1978, said it acquired Lia's Vineyard, a 50-acre properety nestled in the Chehalem Mountains AVA. This strategic purchase reunites the original upper half of the historic Jacob Hart Estate after nearly two decades. Lia'

Brooklyn-based craft brewery Five Boroughs Brewing Co. has been acquired by Smuttynose Brewing Co., New Hampshire's original craft brewery. Terms weren 't disclosed. The acquisition, announced on November 7, 2023, provides Finestkind Brewing LLC, the owner of Smuttynose, with access to resources in the New York market

Blake's Hard Cider, Armada, Mich., said it acquired Texas-based Austin Eastciders. Terms weren't disclosed. Avid Cider Co., which Blake's acquired last year, will also be incorporated in Blake's. The resulting company will be called Blake's Beverage Co. "We don&

Economic activity in the manufacturing sector contracted in October for the 12th consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM Report On Business®. The Manufacturing PMI fell 2.3 peercentage points; in September. That's lower tha

Brown-Forman Corp. said it completed the sale of the Finlandia brand to Coca-Cola HBC AG Nov. 1. In June 2023, Brown-Forman disclosed it had reached an agreement to sell the brand for $220 million subject to adjustments related to inventory and other working capital items. The sale of Finlandia vodka

Oak Solutions Group, Napa, Calif., said it acquired Innerstave, which pioneered the oak alternative industry. Terms weren't disclosed. “The Innerstave acquisition will give us the opportunity to sell additional stave formats and expand our market share in North America, South America, and globally,” said Oak Solutions Group Global

Treasury Wine Estates Ltd said it agreed to acquire DAOU Vineyards, the acclaimed luxury wine business founded by brothers and co-proprietors Georges and Daniel Daou for an upfront consideration of $900 million, plus an additional earn-out of up to $100 million. This transformative deal will accelerate TWE's focus