Brown-Forman Corp., Louisville, Ky., announced that it has completed its acquisition of the Diplomático Rum brand and related assets from Destillers United Group S.L. (Spain). The company announced its agreement to purchase the brand in October 2022, giving Brown-Forman an entry into the growing super-premium-plus rum category.
When it comes to the super-premium wine and spirits markets, demand for these products have remained intact throughout the year. However, with inflation impacting consumers’ pocketbooks what does that mean for super-premium wine and spirits going forward?
The temporary shuttering and reduced capacity of many on-premise outlets has resulted in spirit sales shifting to off-premise, helping U.S. spirit sales to increase 27 percent, totaling $10.1 billion for the 52 weeks ending Feb. 21.
E. & J. Gallo Winery (Gallo), Modesto, Calif., announces its Spirits Division will become the exclusive U.S. importer for family owned and operated estate tequila producer Don Fulano.
Transaction expected to close in first half of 2018
January 23, 2018
Family owned Bacardi Ltd., Hamilton, Bermuda, announced that it is expanding its portfolio of premium spirits with a definitive agreement to acquire 100 percent ownership of Patrón Spirits International AG and its PATRÓN brand. The transaction, which is subject to customary closing conditions, follows the relationship the companies have had since Bacardi’s initial acquisition of a significant minority stake in Patrón in 2008.
Acquisitions support growth of super-premium bourbon whiskeys
January 4, 2018
New York-based Castle Brands Inc. has purchased, or agreed to purchase, an additional $4.2 million of aging and new-fill bourbon. These additional purchases bring Castle Brands total purchases of aging and new-fill bourbon to $9.6 million for the current fiscal year.
New York-based Brockmans Gin, the super-premium gin, is gearing up for the holidays with a gift carton designed to help retailers drive incremental sales of Brockmans during the busy holiday season, it says.