Articles Tagged with ''mergers and acquisitions''

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. 

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. 

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.

Vintage Wine Estates, Santa Rosa, Calif., announced the acquisition of Tamarack Cellars, Walla Walla, Wash. 

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.

Kerry published consumer research focused on clean label, while Matsutani Chemical Industry Co. Ltd. announced the results of a study.

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.