Diageo completed the acquisition of Balcones Distilling.

Diageo, a British multinational alcoholic beverages company, completed the acquisition of Balcones Distilling, a Texas-based craft distiller. Financial terms were not disclosed. “We are delighted to welcome Balcones Distilling into Diageo. The Balcones team are true innovators and pioneers in the emerging American Single Malt and Texas whisky movements, and their super premium plus whiskies are highly complementary to our whisky portfolio. This acquisition is in line with our strategy to acquire high growth brands in fast growing segments, such as super premium whisky, and we look forward to working with the Balcones team to support further growth for these world-class whiskies," Claudia Schubert, Diageo North America President.