Platinum Equity completed the acquisition of E&A Scheer from The Riverside Company.

Platinum Equity, a private equity firm, completed the acquisition of E&A Scheer, a blender and vendor of premium rum from The Riverside Company, a private equity firm. Financial terms were not disclosed. "E&A Scheer has built an impressive legacy over more than 300 years and today plays a unique and essential role in the global rum market. We believe the rum category has promising prospects driven in part by the increasing popularity of new craft brands and the trend toward premiumization. We are excited to help the company capitalize on these opportunities by investing in the company's continued success," Louis Samson, Platinum Equity Co-President.