Mississauga, Canada-based Cott Corp. announced that it has entered into a definitive agreement pursuant to which Cott will acquire Crystal Rock Holdings Inc., Watertown, Conn., for $0.97 per share in cash. The transaction, which values Crystal Rock at approximately $35 million, was unanimously approved by both the Cott and Crystal Rock Boards of Directors, the companies say.
KDP’s pro forma combined 2017 annual revenues approximately $11B
January 29, 2018
Dr Pepper Snapple Group Inc., Plano, Texas, and Keurig Green Mountain Inc., Burlington, Mass., announced that the companies have entered into a definitive merger agreement to create Keurig Dr Pepper (KDP), a new beverage company of scale with a portfolio of iconic consumer brands and unrivaled distribution capability to reach virtually every point-of-sale in North America, the companies say.
Transaction expected to close in first half of 2018
January 23, 2018
Family owned Bacardi Ltd., Hamilton, Bermuda, announced that it is expanding its portfolio of premium spirits with a definitive agreement to acquire 100 percent ownership of Patrón Spirits International AG and its PATRÓN brand. The transaction, which is subject to customary closing conditions, follows the relationship the companies have had since Bacardi’s initial acquisition of a significant minority stake in Patrón in 2008.
Tequila Avion founder, president to remain involved with brand
January 18, 2018
New York-based Pernod Ricard USA is announced that it has completed the acquisition of the remaining stake in Avión Spirits LLC, owner of the ultra-premium tequila brand Avión, from its joint-venture partner Tequila Avión, New York. Founder Ken Austin and President Jenna Fagnan, along with Grammy Award winner Jeezy, will remain highly involved and financially incentivized at least until 2020 to help fuel its next wave of growth, the company says.
Louisville-based Copper & Kings American Brandy Co. announced the sale of a minority equity stake to Victor, N.Y.-based Constellation Brands, a leading international producer of beer, wine and spirits.
Layer Cake, Cherry Pie and If You See Kay join company’s portfolio
December 12, 2017
Vintage Wine Estates (VWE), Santa Rosa, Calif., announced an agreement to acquire three wine brands from Jayson Woodbridge: Layer Cake, Cherry Pie and If You See Kay. The deal is scheduled to close Jan. 2, 2018, the company says.
Whether it’s Amazon’s acquisition of Whole Foods Market or Walmart’s acquisition of Jet.com, the growth and impact of grocery eCommerce has become ever more visible in the past few years.
Wine brand offers Zinfandel, soon-to-be-released Red Blend
November 28, 2017
Jelly Jar Wines, a brand established in 2008 by fourth-generation Napa Valley winemaker Andy Pestoni and his wife, Shannon, has joined the growing portfolio at WX Brands, Novato, Calif.