Illva Saronno Holding Acquires Majority Stake in Sagamore Spirit
September 14, 2023
Italian spirits group Illva Saronno Holding S.p.A. has purchased a majority stake in Baltimore-based Sagamore Spirit, the rye whiskey brand and distillery owned by Sagamore Ventures (the family office of Kevin Plank). The deal expands Illva Saronno's U.S. presence and whiskey portfolio while preserving Sagamore Spirit's Maryland-based operations and enabling further market expansion.
- Buyers
- Illva Saronno Holding S.p.A.
- Targets
- Sagamore Spirit
- Sellers
- Sagamore Ventures
- Industry
- Food & Beverage
- Location
- Maryland, United States
- Transaction Type
- Buyout
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