GALLO to acquire Montucky Cold Snacks for $50m.

GALLO, a wine supplier, agreed to acquire Montucky Cold Snacks, a food producer, for $50m. "As a Montana resident, I have watched firsthand the magic of Montucky. From the fun surrounding the after-ski moment to the river float, Montucky is there. Entering beer offers GALLO an exciting new opportunity to reach consumers in different usage occasions, and we look forward to collaborating and growing Montucky across the beer distributor network. We believe core lager is a big category with room for fresh and innovative propositions. We are super excited that Chad and Jeremy have agreed to stay on and help Montucky reach its full potential," Britt West, GALLO Executive Vice President and General Manager.