M&A Deal Summary

Independent Stave Acquires Brown-Forman - Cooperage

On February 16, 2024, Independent Stave acquired beverage company Brown-Forman - Cooperage from Brown-Forman

Acquisition Highlights
  • This is Independent Stave’s 1st transaction in the Beverages sector.
  • This is Independent Stave’s 1st transaction in the United States.
  • This is Independent Stave’s 1st transaction in Alabama.

M&A Deal Summary
Date 2024-02-16
Target Brown-Forman - Cooperage
Sector Beverages
Buyer(s) Independent Stave
Sellers(s) Brown-Forman
Deal Type Divestiture

Target

Brown-Forman - Cooperage

Trinity, Alabama, United States
Brown-Forman's Cooperage produces approximately half of the barrels for the Brown‑Forman portfolio of brands and enables ongoing barrel research, development, and innovation for brands and new expressions. Brown-Forman's Cooperage is based in Trinity, Alabama.

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Buyer(S) 1

Buyer

Independent Stave

Columbia, Missouri, United States
Category Company
Founded 1912
Sector Beverages
DESCRIPTION

Independent Stave is a dynamic, family-owned cooperage company that manufactures a diverse portfolio of barrels and cooperage products. Independent Stave was founded in 1912 and is based in Columbia, Missouri.

DEAL STATS #
Overall 1 of 1
Sector (Beverages) 1 of 1
Type (Divestiture) 1 of 1
State (Alabama) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Brown-Forman

Louisville, Kentucky, United States
Category Company
Founded 1870
Sector Beverages
Employees5,200
Revenue 4.2B USD (2024)
DESCRIPTION
Entrance to Brown-Form's corporate headquarters in Louisville, Kentucky.
Entrance to Brown-Form's corporate headquarters in Louisville, Kentucky.

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.

DEAL STATS #
Overall 8 of 8
Sector (Beverages) 7 of 7
Type (Divestiture) 8 of 8
State (Alabama) 1 of 1
Country (United States) 6 of 6
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-16 Sonoma-Cutrer

Windsor, California, United States

Sonoma-Cutrer is a luxury Chardonnay brand, that offers refined style and commitment to merging traditional and innovative winemaking techniques. Sonoma-Cutrer was founded in 1973 and is based in Windsor, California.

Sell $400M
Mergr

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