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Tag "Matt Shattock"

Beam Extends Presence in Vodka Category With $605 Million Deal

    Beam Extends Presence in Vodka Category With $605 Million Deal

Beam, the US-based global spirits group, is acquiring the fast-growing Pinnacle Vodka and Calico Jack rum brands and other related assets for $605 million in cash from White Rock Distilleries. Pinnacle Vodka, with 2012 volumes expected to exceed 3 million 9-liter cases, will significantly enhance Beam’s presence in the large, growing vodka category. With a […]

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Record Sales For Beam

    Record Sales For Beam

US-based global spirits group Beam (formerly known as Fortune Brands) has reported a 4% rise in operating income to $572.2 million on net sales up 8% to a record $2.3 billion for 2011. On a comparable basis when adjusted for foreign exchange, acquisitions, divestitures, and the ongoing impact of the new Australia spirits distribution agreement […]

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Beam Enters Irish Whiskey Market With $95 Million Acquisition of Cooley Distillery

    Beam Enters Irish Whiskey Market With $95 Million Acquisition of Cooley Distillery

Beam, the US-based international spirits group, is entering the fast growing Irish whiskey category with the purchase of Cooley Distillery in Ireland. The purchase price for Cooley, the industry’s only remaining independent Irish whiskey distillery, is approximately $95 million on a debt-free basis.
 
Cooley owns and produces the Kilbeggan,Connemara, Tyrconnell and Greenore brands. It currently sells […]

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Beam Starts Life as a Pure Play Spirits Company

    Beam Starts Life as a Pure Play Spirits Company

Global spirits business Beam has commenced trading as an independent company on the New York Stock Exchange. Formerly known as Fortune Brands, Beam is the remaining company following the separation of Fortune Brands’ businesses, which was completed on October 3rd.
 
Beam is the world’s fourth largest premium spirits company and the largest US-based spirits company. Its […]

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