Brown-Forman Mergers and Acquisitions Summary

BeveragesCompany

Brown-Forman has acquired 12 companies, including 2 in the last 5 years. It has also divested 6 assets.

Brown-Forman’s largest acquisition to date was in 2006, when it acquired Tequila Herradura SA de CV for $876M. It’s largest disclosed sale occurred in 2011, when it sold Fetzer Vineyards to Vina Concha y Toro S.A. for $238M. Brown-Forman has acquired in 3 different US states, and 8 countries. The Company’s most targeted sectors include beverages (92%).

Join Mergr and gain access to Brown-Forman’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the beverages sector.

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity11
    • M&A Sell Activity5
  • Total Sectors Invested 1
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 5
  • M&A Advisors 10

Brown-Forman

Brown-Forman Corp.

850 Dixie Highway,
Louisville, Kentucky 40210
United States,
(502) 585-1100
www.brown-forman.com

Brown-Forman manufactures, bottles, imports, exports, and markets a wide variety of alcoholic beverage brands. Its portfolio of brands includes Jack Daniel’s, Antiguo Tequila, el Jimador Tequila, Herradura Tequila, Pepe Lopez Tequila, Woodford Reserve Bourbon, Canadian Mist Whisky, Chambord, Collingwood Canadian Whiskey, Early Times Bourbon and Whisky, Korbel Champagne, Old Forester Bourbon, and Sonoma-Cutrer Wines. Brown-Forman was incorporated in 1870 and is based in Louisville, Kentucky.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.4/yr) # 9 - 1 - - 1 11
vol $1.7B $1.7B
Sell (0.2/yr) # 4 - - 1 - - 5
vol $428M $428M
  16

Most Recent M&A

Company Date Value Type
Diplomático Rum Brand 2022-10-06 - Divestiture
Madrid, Spain
Brown-Forman Corp. - Early Times, Canadian Mist, and Collingwood Brands 2020-06-15 - Divestiture
Louisville, Kentucky
The 86 Company 2019-06-10 - Add-on Acquisition
New York, New York · www.fordsgin.com
The BenRiach Distillery Co. Ltd. 2016-04-27 439M GBP Add-on Acquisition
Edinburgh, United Kingdom · www.benriachdistillery.co.uk
Distillerie Tuoni e Canepa (dba Tuaca Liqueur) 2016-01-14 - Divestiture
Toscana, Italy
Southern Comfort Corporation 2016-01-14 - Divestiture
, United States · www.southerncomfort.com
Slane Castle Whiskey Limited 2015-06-03 - Add-on Acquisition
Dublin, Ireland
Maximus Vodka 2011-06-30 - Divestiture
, Finland · www.maximusvodka.com
Fetzer Vineyards 2011-04-15 238M USD Divestiture
Hopland, California · www.fetzer.com
Tequila Herradura SA de CV 2006-08-28 876M USD Add-on Acquisition
Guadalajara, Mexico · www.herradura.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Beverages 11 (100%) 1.7B (100%) 4 (80%) 238M (56%)
Retail - - 1 (20%) 190M (44%)
Total 11 $1.7B 5 $428M

By Geo

State/Country Buy Value Sell Value
United States 3 95M 4 428M
  California 1 - 1 238M
  New York 1 - - -
  Pennsylvania - - 1 190M
  Kentucky - - 1 -
Italy 2 - 2 -
Finland 2 - - -
France 1 255M - -
Ireland 1 - - -
Mexico 1 876M - -
Spain 1 - - -
United Kingdom 1 439M - -
Domestic 3 (25%) 95M (6%) 4 (67%) 428M (100%)
Cross-border 9 (75%) 1.6B (94%) 2 (33%) -
Total 12 $1.7B 6 $428M

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
3
Lazard Ltd.
1
Lehman Brothers, Inc.
1
Legal Deals
Gibson, Dunn & Crutcher LLP
4
Wachtell, Lipton, Rosen & Katz LLP
1
Cooley LLP
1

Deal Values

buy # Total
$100M to $1B 3 $1.6B
< $100M 1 $95M
TOTAL $1.7B
Largest Tequila Herradura SA de CV
$876M (2006-08-28)
sell # Total
$100M to $1B 2 $428M
TOTAL $428M
Largest Fetzer Vineyards
$238M (2011-04-15)

M&A Connections

Deals
Acquired from
Investor(s)
9%
1 (9%)
Strategic(s)
18%
2 (18%)
Divested to
Strategic(s)
100%
5 (100%)

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