Campari to Acquire Averna Liqueur for $143 Million

Dear Client: Campari has signed an agreement to acquire Fratelli Averna S.p.A., the owner of Averna, an Italian bitter, along with the Braulio, Limoncetta and Grappa Frattina brands. The latter marks Campari's entrance into the grappa category. Chief Bob Kunze-Concewitz stated: "Moreover, thanks to our strong distribution network in North America, we are very well positioned to benefit from the market's growth potential, particularly in the US, where mixologists and local consumers are showing growing interest in Italian bitters and