M&A Deal Summary |
|
|---|---|
| Date | 2023-11-16 |
| Target | Sonoma-Cutrer |
| Sector | Beverages |
| Buyer(s) | The Duckhorn Portfolio |
| Sellers(s) | Brown-Forman |
| Deal Type | Divestiture |
| Deal Value | 400M USD |
| Advisor(s) | Nomura Investment Bank (Financial) Ropes & Gray (Legal) |
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| Category | Company |
|---|---|
| Founded | 1976 |
| Sector | Beverages |
| Employees | 470 |
| Revenue | 403M USD (2023) |
The Duckhorn Portfolio produces and sells wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Canvasback, Greenwing, and Postmark. The company sells its products directly to California retailers and restaurants; and to distributors and agents located in other states throughout the United States, as well as to export distributors that sell internationally. The Duckhorn Portfolio was founded in 1976 and is based in Saint Helena, California.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Beverages) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (California) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1870 |
| Sector | Beverages |
| Employees | 5,200 |
| Revenue | 4.2B USD (2024) |
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 | 7 of 8 |
| Sector (Beverages) | 6 of 7 |
| Type (Divestiture) | 7 of 8 |
| State (California) | 2 of 2 |
| Country (United States) | 5 of 6 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-06 |
Diplomático Rum Brand
Madrid, Spain Diplomático Rum Brand is a super-premium rum. Diplomático Rum's distillery combines traditional methods with modern technology to produce the finest of rums. The production area boasts great conditions for sugar cane and rum production including fertile lands, abundant water, and a Caribbean climate. Diplomático Rum Brand is based in Madrid, Spain. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-16 |
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. |
Sell | - |
