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Spirits producer and operator Licor Zone Mexico has signed a memorandum of understanding to acquire a 10% equity stake in alcohol-free spirits group Arkay Beverages.

With Arkay’s primary production facility located in Mexico, its alliance with Licor Zone is an ideal strategic fit for the company. The partnership will strengthen its operational foundation in the region while providing the capital infusion needed to fuel global expansion.

Under the terms of the agreement, Licor Zone will acquire the 10% equity stake for $150 million, based on a $1.5 billion valuation.

Founded in 2011, Arkay producers alcohol-free spirits and zero-proof alternatives, with millions of bottles sold across five continents. Its mission is to reshape the beverage industry by providing sophisticated alcohol-free options for health-conscious and mindful consumers.

Licor Zone, best known for its flagship brand Williamson 18, is Mexico’s largest spirits manufacturer. It is headquartered in Arandas, Jalisco, the heart of Mexico’s tequila-producing region.

Reynald Vito Grattagliano, founder of Arkay Beverages, said: “This is more than a financial transaction. It's a partnership built on mutual trust, strategic alignment and a shared mission to redefine the future of zero-proof spirits. Why look halfway across the world for a Japanese partner, when the right one is already under our feet?”