Gruppo Campari has announced the sale of Carolans and Irish Mist to Heaven Hill Brands, via the sale of 100% of the share capital of TJ Carolan & Son Ltd., a wholly owned subsidiary.

Gruppo Campari has seen only moderate growth so far in 2012 after a heel-dragging performance in Europe tempered advances in emerging markets.

Gruppo Campari has signed an agreement to acquire Carolans, Frangelico and Irish Mist from William Grant & Sons for €128.2 million.

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Philip Duff

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