Acquisitions and expansions: Bacardi and more

Spirits leader set to acquire Patrón Tequila

Pfw 8206 Jan News Bacardi Corporate Logo 0

Bacardi Limited has entered into a definitive agreement to acquire 100 percent ownership of Patrón Spirits International AG and its PATRÓN brand, the market-leading ultra-premium tequila. The $5.1 billion transaction is projected to close in the first half of this year. It will make Bacardi the leading spirits company in the US super-premium segment and the second-largest spirits company in the US market.


Carl Buddig and Company buys new facility

Carl Buddig and Company has acquired a 280,000-sq.-ft. manufacturing facility in Montgomery, IL. Production at the facility, which is the company’s fourth manufacturing site in Illinois, will begin this spring and will expand the Carl Buddig Illinois-based workforce over 1,800 employees.


Test Your Smarts
Take ProFood World's food safety quiz to prove your knowledge!
Take Quiz
Test Your Smarts
Discover Our Content Hub
Access ProFood World's free educational content library!
Unlock Learning Here
Discover Our Content Hub