Pernod Ricard-backed Corby completed the acquisition of a 90% stake in Ace Beverage Group for C$165m.

Pernod Ricard-backed Corby, a marketer and distributor of spirits and wines company, completed the acquisition of a 90% stake in Ace Beverage Group, a beverage alcohol company, for C$165m. “With ABG, Corby becomes a key player in the Canadian RTD market, giving the scale and synergies needed in this category. It is well aligned with our ambition of building a global RTD business and capture our fair share,” Fredrik Syrén, Pernod Ricard Global Managing Director of RTD and Convenience.