Category Archives: Acquisitions

Pat Roney’s Vintage Wine Posted $9.7 Million Loss in Fiscal 2020

Posted on March 15, 2021 by Joel Whitaker

Vintage Wine Estates had revenue of $189.9 million in fiscal 2020, ended June 30, but posted a $9.7 million loss, largest caused by $15.4 million of interest expense (up from $5.6 million in calendar 2017) and “other non-operating items” of … Continue reading →

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Treasury Wine Estates Taps Wine Group for Some U.S. Sales

Posted on March 9, 2021 by Joel Whitaker

Brands involved in the long-term licensing agreement are Beringer Main & Vine, Beringer Founders Estate, Coastal Estates and Meridian brands.  Terms weren’t disclosed. Treasury Wine Estates said Beringer remains a core brand within the TWE portfolio and it hasn’t any … Continue reading →

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Diageo acquires Far West Spirits LLC, Owner of Lone River Ranch Water Hard Seltzer

Posted on March 8, 2021 by Joel Whitaker

Diageo said it acquired Far West Spirits LLC, owner of the Lone River Ranch Water (‘Lone River’) brand. Lone River is a hard seltzer that takes inspiration from the popular classic Texan “Ranch Water” cocktail.  Terms weren’t disclosed.  It’s a … Continue reading →

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Jamie Foxx Takes Stake in Brown Sugar Bourbon

Posted on March 3, 2021 by Joel Whitaker

Flavored Whiskey brand BSB-Brown Sugar Bourbon announces award-winning actor, musician and entrepreneur Jamie Foxx has acquired an ownership stake. Foxx’s leadership and a redesigned bottle usher in a new era for BSB and its two product offerings, BSB-Brown Sugar Bourbon and BSB 103, … Continue reading →

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Hoffmann Family Building Missouri Wine Empire

Posted on March 3, 2021 by Joel Whitaker

Hoffmann Family of Companies, Naples, Fla., has quietly acquired the 90-acre Balducci Winery & Vineyards in Augusta, Mo.,  the Knoernschild Vineyards and buildings on 53 acres of Highway 94 and Jackson St., The Old Augusta Wine Company Building on Historic … Continue reading →

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Andavi Solutions Acquires GreatVines

Posted on March 2, 2021 by Joel Whitaker

Andavi Solutions, a beverage alcohol software and data analytics technology company, said it acquired GreatVines, a leading sales execution and trade promotion management software provider for global suppliers, distributors, retailers and promotional agencies within the beverage alcohol and related industries.  … Continue reading →

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