Diageo Acquires Ritual Zero Proof

Newport Craft Distilling Acquires KEEL Vodka

June 12, 2024

Food & Beverage

Newport Craft Distilling has acquired KEEL Vodka, bringing the premium light spirit into Newport Craft's portfolio alongside brands such as White Squall Vodka & Gin and Thomas Tew Rums. The deal will return KEEL production to Rhode Island, expand Newport Craft's vodka offerings, and support local manufacturing and job creation.

Bacardi Limited Acquires ILEGAL Mezcal

September 11, 2023

Food & Beverage

Bacardi Limited has completed the acquisition of ILEGAL Mezcal, making the family-owned spirits company the sole owner of the artisanal mezcal brand. Bacardi said the deal will accelerate ILEGAL's growth within the fast-growing super-premium mezcal category and expand the brand's global reach; terms were not disclosed.

Corby (Pernod Ricard) Acquires 90% Stake in Ace Beverage Group

June 13, 2023

Food & Beverage

Corby Spirit and Wine, the Canadian affiliate of Pernod Ricard, will acquire a 90% stake in Ace Beverage Group for an enterprise value of CAD 165 million, with call options to buy the remaining shares in 2025 and 2028. The deal gives Corby a stronger position in the fast-growing Canadian ready-to-drink (RTD) category and will leverage Corby's distribution network to scale ABG's Cottage Springs, Ace Hill and other brands across Canada.

Southern Glazer's Wine & Spirits Acquires Horizon Beverage Group

July 25, 2024

Logistics & Distribution

Southern Glazer's Wine & Spirits has agreed to acquire Horizon Beverage Group, Inc., adding Horizon's Massachusetts and Rhode Island operations, portfolio, warehouse capacity and delivery fleet to Southern Glazer's U.S. footprint. The transaction expands Southern Glazer's presence into the two states and will keep Horizon's current leadership and family owners involved through the transition.

Mizkan America Acquires Zing Zang

July 15, 2025

Food & Beverage

Mizkan America, Inc. has acquired Chicago-based Zing Zang, the leading U.S. Bloody Mary and cocktail-mix brand, from NexPhase Capital for an undisclosed sum. The acquisition expands Mizkan’s presence in the cocktail-mixers category and leverages Mizkan’s tomato-based food expertise to drive product innovation and distribution growth; Zing Zang will continue to operate as a separate business unit.

Yuga Labs Acquires PROOF

February 16, 2024

Media & Entertainment

Yuga Labs has acquired PROOF, bringing the PROOF Collective, Moonbirds, Oddities, Mythics, and Grails exhibition series and the PROOF team and IP into the Yuga ecosystem. Kevin Rose will transition to an advisory role while several PROOF team members (including Josh Ong, Jesse Bryan, and Amanda Gadbow) move to Yuga; Yuga plans to integrate Moonbirds into its Otherside metaverse and expand its digital art and community capabilities.