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New Deal


Announced

Completed

Heaven Hill completed the acquisition of Black Velvet Canadian Whisky from Constellation Brands.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Distillers and Vintners

whisky

Private

Canada

Acquisition

Single Bidder

Completed

Friendly

Majority

Synopsis

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Heaven Hill Brands, the largest independent, family-owned and operated distilled spirits supplier based in the US, completed the acquisition of Black Velvet Canadian Whisky, the second-largest selling Canadian whisky in the world, from Constellation Brands. Financial terms were not disclosed. “Today we are proud to officially welcome this iconic brand and others into Heaven Hill’s historic portfolio. The Heaven Hill family is proud to continue the culture of Black Velvet and nurture the unique heritage of this great Canadian Whisky that has built a solid foundation for growth," Max L. Shapira, Heaven Hill Brands President.

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