Terold Takes Majority Stake in WX Brands

Dear Client: Terold, owned by members of the Bemberg Family Group, today announced it has acquired a majority stake in WX Brands, effective July 30. Financial details were not disclosed. Terold has a long beverage history. It was founded in 1888 by Otto Bemberg and became the largest brewery conglomerate in the South American region. Over the last three decades, they've partnered with Heineken, Anheuser-Busch InBev, Coca-Cola, PepsiCo and Nestle. Terold also owns Grupo Penaflor, Argentina's largest wine exporter, accounting for 27%