M&A Deal Summary

Sazerac Company Inc Acquires Distillerie Tuoni e Canepa

On January 14, 2016, Sazerac Company Inc acquired beverage company Distillerie Tuoni e Canepa from Brown-Forman

Acquisition Highlights
  • This is Sazerac Company Inc’s 3rd transaction in the Beverages sector.
  • This is Sazerac Company Inc’s 1st transaction in Italy.

M&A Deal Summary

Date 2016-01-14
Target Distillerie Tuoni e Canepa
Sector Beverages
Buyer(s) Sazerac Company Inc
Sellers(s) Brown-Forman
Deal Type Divestiture

Target

Distillerie Tuoni e Canepa

Toscana, Italy
Distillerie Tuoni e Canepa is an Italian distillery. The Company was formed in 1938 and is based in Toscana, Italy.

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Buyer(S) 1

Buyer

Sazerac Company Inc

Metairie,, Louisiana, United States

Category Company
Founded 1869
Sector Beverages
DESCRIPTION

Sazerac Company, Inc (dba John Handy Co.) operates as a distillery and wine company.


DEAL STATS #
Overall 4 of 9
Sector: Beverages M&A 3 of 8
Type: Divestiture M&A Deals 3 of 6
Country: Italy M&A 1 of 1
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-14 Southern Comfort

United States

Southern Comfort Corporation is a producer of whiskey. The brand was formed in 1874.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-21 John Distilleries

Bangalore, India

John Distilleries is a provider of whisky, brandy, rum, premium wines and single malts and it leads alcobev company in a decade, not just in India but across the globe. John Distilleries was founded in 1996 and is based in Bangalore, India.

Buy -

Seller(S) 1

SELLER

Brown-Forman

Louisville, Kentucky, United States

Category Company
Founded 1870
Sector Beverages
Employees5,700
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 5 of 8
Sector: Beverages M&A 4 of 7
Type: Divestiture M&A Deals 5 of 8
Country: Italy M&A 2 of 2
Year: 2016 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-14 Southern Comfort

United States

Southern Comfort Corporation is a producer of whiskey. The brand was formed in 1874.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-27 The BenRiach Distillery Co.

Edinburgh, United Kingdom

The BenRiach Distillery Co. Ltd. is a producer of malt scotch whisky.

Buy £285M