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Acquisitions

Campari Group to Acquire Courvoisier from Beam Suntory in $1.2 Billion Deal

Campari Group said it agreed to acquire Courvoisier from Beam Suntory for $1.2 billion with an expected additional $120 million to be paid in 2029, depending upon the brand's performance. The transaction sees the enterprise value of Courvoisier at $1.32 billion, about 17 times CAAP for

Flaviar Purchases Wine-Searcher

Flaviar, a New York company spedcializing in spirits subscription clubs, has purchased Wine-Searcher for an undisclosed sum. Earlier, Flaviar cnapped up in spirits subscription clubs, has purchased Wine-Searcher for an undisclosed sum. ‘This is a classic case where the sum is greater than the parts,’ said Flaviar CEO

Winebow Imports Expands Italian Offerings

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,

Private Equity Buys Griffo Distillery

MGD Acquisition, LLC, a private equity firm, acquired Griffo Distillery of Sonoma, Calif. Terms weren't disclosed. MGD, comprised of a group of individual investors, plans to expand Griffo's market presence by helping distribute Griffo's top-tier spirits nationwide. The partnership with MGD promises to

Duckhorn to Acquire Sonoma-Cutrer Vineyards

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

Cooper Mountain Vineyards Acquires Oregon's Lia Vineyard

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&

Smuttynose Brewing Acquires Five Boroughs

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