Announced
Completed
Financials
Tags
Majority
Private Equity
Cross Border
Completed
rum blending
alcoholic beverages
Netherlands
Distillers and Vintners
Acquisition
Private
Friendly
Single Bidder
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.