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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