Beam completes purchase of Pinnacle Vodka
Beam has completed the acquisition of the fast-growing Pinnacle Vodka and Calico Jack rum brands from privately-held White Rock Distilleries.
The purchase price was $605m in cash, financed principally by the company’s recent bond issuance at attractive rates.
Pinnacle Vodka, the fourth largest imported vodka brand in the US, will significantly enhance Beam’s presence in the large and growing vodka category, the company said.
Source: Beam
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