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January 21, 2013
11:43 EDTBEAMBeam to sell a collection of brands, related inventory to Luxco for $65M
Beam and Luxco, a leading producer, importer and marketer of beverage alcohol products announced a definitive agreement for Beam to sell a collection of brands, including related inventory, to Luxco. The brands included in the transaction are Wolfschmidt vodka, Calvert (Lord Calvert Canadian, Calvert Extra, and gin), Bellows (blended whiskey, Bourbon, gin, rum, Scotch and vodka), Dark Eyes vodka, Canada House Canadian, and Tempo Triple Sec. The brands, distributed in North America, generated 2012 revenues of approximately $30M (excluding excise taxes) and volumes of approximately 1.8 million cases. The purchase price is approximately $65M
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