Announced
Completed
Financials
Tags
Completed
United States
breweries
Brewers
Acquisition
Majority
Private
Cross Border
Friendly
Single Bidder
Synopsis
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.
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