Alert, Bacardi Acquires Banks Rum

Bacardi is on a roll with acquisitions this year. Today, the Bermuda-based company announced the acquisitions of Banks rum. Banks is based in Port Louis, Mauritius. and was created by Arnaud de Trabuc, former Angostura Group president and managing director of the Caribbean region for Premier Wine & Spirits in 2008. Terms of the deal were not disclosed. The portfolio includes Banks 5-Island Rum, Banks 7 Golden Age Blend and various limited editions. It sells 6,000 cases annually and has