Corby (Pernod Ricard) Acquires 90% Stake in Ace Beverage Group
June 13, 2023
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.
- Buyers
- Corby Spirit and Wine (Corby), Pernod Ricard
- Targets
- Ace Beverage Group
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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