Kane's Beverage News Daily

Sign in Subscribe

Acquisitions

Opici Completes Acquisition of Pacific Highway, Names New Leadership Team

Opici Wines & Spirits completed the acquisition of Pacific Highway Wines and introduced an expanded leadership team composed of executives from both Opici and Pacific Highway. Don Opici will be CEO. He joined the family business in 2005 after graduating from Columbia Business School. Mark Giordano moves to the role

A-B to Sell Virtue Cider Back to Founder

Anheuser-Busch InBev plans to sell Virtue Cider, Fennville, Mich., to Greg Hall. Hall, the former brewmaster for Goose Island Beer Co., and 30 other investors founder Virtue Cider in 2011. After the ABI transaction is completed, Hall will be to sole owner of the cidery, according to filings with

Vine Cliff Winery Sold to Canadian Firm

Nell and Charles “Chuck” Sweeney, who acquired the land in the mid-1980s, agreed to sell their winery to SCW Fund Corp. as part of their divorce agreement, according to court filings. Terms weren't disclosed. The sale includes nearly 100 acres on a hillside east of the Silverado

Full Glass Wine Acquires Wine Insiders

Full Glass Wine Co. said it acquired Wine Insiders from DRINKS, a pioneering and leading operating system for alcohol e-commerce. Terms weren't disclosed. Acquisition of Wine Insiders marks the second DTC wine brand purchased by Full Glass Wine Co., founded earlier this year by alcohol industry veteran

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'

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

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