Illva Saronno Holding completed the acquisition of a majority stake in Sagamore Spirit.

Illva Saronno Holding, a manufacturer of alcoholic liquors, completed the acquisition of a majority stake in Sagamore Spirit, a manufacturer of rye whiskeys. Financial terms were not disclosed. "We are thrilled to announce this transaction, which supports our portfolio strategy to acquire high growth, attractive margin brands, and in this case, broaden our offering into the premium American whiskey segment," Aldino Marzorati, Illva Saronno CEO.