The deal for the West Virginia company is the latest in a spate of bourbon deals, including Constellation's purchase of High West Distillery and Rémy Cointreau's purchase of Westland Distillery.
- Reuters•2 days ago
Pernod Ricard (PERP.PA), the world's second-largest spirits group, has agreed to buy a majority stake in Smooth Ambler Spirits, the U.S. maker of Old Scout bourbon and Greenbrier gin, further strengthening its portfolio of premium craft spirits. The purchase, for an undisclosed sum, follows the acquisition earlier this year of a majority stake in super premium German gin maker Monkey 47, in a bid to tap growing global demand for craft spirits. The investment made by Pernod Ricard's North America subsidiary NBV Investments Inc also marks the return of the French spirits maker to the American whiskey market following its sale of Wild Turkey, the Kentucky bourbon, to Campari in 2009.
- Business Wire•2 days ago
NBV Investments Inc. , a subsidiary of Austin, Nichols & Co. Incorporated and an affiliate of New York-based Pernod Ricard USA LLC, today announced that it has signed an agreement to take a majority stake in Smooth Ambler Spirits Co., the award-winning West Virginia distiller and producer of Smooth Ambler Contradiction Bourbon, Old Scout Single Barrel Bourbon and other high-end spirits.
RI.PA : Summary for PERNOD RICARD - Yahoo Finance
Pernod-Ricard SA (RI.PA)
Paris - Paris Delayed Price. Currency in EUR
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|Bid||94.30 x 4000|
|Ask||96.51 x 2300|
|Day's Range||98.59 - 101.50|
|52 Week Range||90.00 - 111.65|
|PE Ratio (TTM)||21.71|
|Dividend & Yield||2.09 (2.00%)|
|1y Target Est||N/A|