M&A Deal Summary

Castle Brands Acquires Betts & Scholl

On September 21, 2009, Castle Brands acquired beverage company Betts & Scholl

Acquisition Highlights
  • This is Castle Brands’ 2nd transaction in the Beverages sector.
  • This is Castle Brands’ 2nd transaction in the United States.
  • This is Castle Brands’ 1st transaction in Florida.

M&A Deal Summary
Date 2009-09-21
Target Betts & Scholl
Sector Beverages
Buyer(s) Castle Brands
Deal Type Add-on Acquisition

Target

Betts & Scholl

Coral Gables, Florida, United States
Betts & Scholl LLC is a wine maker formed in 2003.

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Buyer(S) 1

Buyer

Castle Brands

New York, New York, United States
Category Company
Founded 2009
Sector Beverages
Employees59
Revenue 96M USD (2019)
DESCRIPTION

Castle Brands, Inc. is a developer and international marketer of premium beverage alcohol brands. Castle Brands, Inc. offers premium and super-premium rums, whiskey, liqueurs, vodka, tequila, wine, amaretto, and other spirits, as well as ginger beer and ready-to-drink cocktails. Castle Brands was established in 2009 and is based in New York City.

DEAL STATS #
Overall 2 of 2
Sector (Beverages) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-16 McLain & Kyne

Louisville, Louisiana, United States

McLain & Kyne, Ltd. is a provider of bourbons and offers its products through retailers.

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