Announced
Financials
Tags
Domestic
alcoholic beverages
United States
Acquisition
Pending
Friendly
Single Bidder
Private
Majority
Distillers and Vintners
Synopsis
Phillips Distilling, a distilled spirits company, agreed to acquire Leroux Brandy & Liqueurs and Kamora Coffee Liqueur from Beam Suntory, an alcoholic beverages producer. Financial terms are not disclosed. "The consumption of cordials & liqueurs in the United States continues to grow steadily and Phillips Distilling has always been at the forefront of innovation in this category. Acquiring Leroux and Kamora is a natural fit for what we do best. We're exceptional at differentiating flavor profiles and running small batches and changeovers that are critical to being successful in cordials & liqueurs. With our history and expertise in this category this new acquisition will solidify our position as a market leader and gives us a fresh perspective to add to our expert blending and flavors teams," Andy England, Phillips Distilling CEO.
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