Campari completes Forty Creek deal

03 June, 2014

Gruppo Campari has announced the completion of its acquisition of Canadian distiller, Forty Creek.

Forty Creek is described as a leading spirits company in Canada, with a portfolio of premium and fast growing Canadian whiskies.

The final enterprise value is said to be CA$198.2 million (€133.7m at the exchange rate at the acquisition closing date), including the price adjustment.

Gruppo Campari has also announced the completion of its purchase of Fratelli Averna, the owner of Averna, a leading brand in the Italian market and one of the most well-known Italian bitters worldwide. As announced on April 15, 2014, the total enterprise value for 100% of the share capital of Averna Group is €103.75m.





Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.

Comment

La'Mel Clarke

Service isn’t servitude: the skill of hosting

La’Mel Clarke, front of house at London’s Seed Library, looks at the forgotten art of hosting and why it deserves the same respect as bartending.

Instagram

Facebook