The biggest drinks acquisitions of 2019

Fuller’s sells beer and distribution business to Asahi for £250m

Asahi has had a busy year. Back in January it snapped up well-known UK brewer Fuller’s, based in Chiswick. The deal included flagship brand London Pride, the historic Griffin Brewery and Fuller’s entire brewing operation, in addition to its brands Cornish Orchards cider, Dark Star Brewing and Nectar Imports, wine wholesaling enterprise and drinks distribution network.

The sale means that Fuller’s is now solely a pub and hotel operator.

This, the company stated at the time, is the “core of the business” and generates 87% of its operated profits. The deal will provide “significant capital to accelerate investment in the premium pubs and hotels business both organically and through future acquisitions”.

2 Responses to “The biggest drinks acquisitions of 2019”

  1. Sam Adams says:

    No mention of LVMH buying Whispering Angel?

  2. Josh M says:

    What about the fact that Constellation just sold off Ballast Point, which they originally purchased for $1B after just 4 years??

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