Wilmington, Delaware, United States, Aug. 17, 2023 (GLOBE NEWSWIRE) Transparency Market Research Inc. - The global market for craft rum was estimated to be worth a market valuation around US$ 1.5 billion in 2021.
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2021 sees spate of new drinks industry acquisitions
15 March 2021 By db staff
Another day, another deal. Since Christmas the big drinks companies have been adding to their portfolios and reshaping their businesses at a hectic pace.
An onlooker would easily conclude that the industry believes it is heading for a new period of substantial growth, with none of the major participants wanting to miss out.
First off the mark in early January was Constellation Brands. The US$810m sale (with possible add ons) of its sub $11 commodity wines portfolio to Gallo had been long negotiated and needed revising several times to meet US Federal trade concerns, but immediately the ink was on the contract, Constellation reinforced its balance sheet through early redemption of $500m debts.