Acquisitions

Diageo said it agreed to acquire Don Papa Rum, a super-premium dark rum from the Philippines.  Diageo will initially pay Eur 260 million (about $280.37 million) with a further potential consideration of up to Eur 177.5 million (about $191.41 million) through to 2028, subject to performance.

Breakthru Beverage Group said it agreed to acquire California-based Wine Warehouse, further expanding the Breakthru's footprint to the largest U.S. beverage alcohol market. Terms weren't disclosed. "We intend to make significant investments and be a competitive force in the market," said Tom

Brown-Forman Corp. said it completed its acquisition of the Diplomático Rum brand and related assets from Destillers United Group S.L. (Spain). The company announced its agreement to purchase the brand in October 2022, giving Brown-Forman an entry into the growing super-premium+ rum category. As part of

Land Trust of Napa County will buy the Walt Ranch, ending a 17-year battle over putting vineyards on the property. Walt Ranch owner Craig and Kathryn Walt Hall are donating about 25% of the property's 2,300 acres, and the Land Trust is raising funds to buy

Republic National Distributing Co. (RNDC), a leading national wholesale distributor of premium wine and spirits, announced a strategic partnership and investment in Thirstie, the leading enterprise e-commerce provider for the beverage alcohol industry. The partnership represents a major shift for the industry, bringing together a traditional wholesaler and an

Republic National Distributing Co. (RNDC) said it agreed to buy Ultra, a division of Horizon Beverage. The purchase includes operations in Maine, New Hampshire and Vermont. The transaction does not include the states of Massachusetts and Rhode Island.  Terms weren't disclosed. “This purchase is the last step to