Campari announces successful completion of the acquisitions of Forty Creek Distillery Ltd. and Fratelli Averna S.p.A.
Successful completion of the acquisitions
of Forty Creek Distillery Ltd. and Fratelli Averna S.p.A.
Milan, June 3, 2014-Gruppo Campari announces the successful completion of the acquisition of Forty Creek Distillery Ltd., a leading spirits company in Canada, owner of a portfolio of premium and fast growing Canadian whiskies. As disclosed on May 13, 2014, the final Enterprise Value, is CAD 198.2 million (€ 133.7 million at the exchange rate at the acquisition closing date), including the price adjustment.
Moreover, Gruppo Campari announces the successful completion of the acquisition of Fratelli Averna S.p.A., the owner of Averna, a leading brand in the Italian market and one of the most well-known and appealing Italian bitters worldwide. As announced on April 15, 2014, the total enterprise value for 100% of the share capital of Averna Group is € 103.75 million.
Both deals were closed according to the terms of the acquisition agreements.