Campari to Acquire Forty Creek for $167 Million

Dear Client: The rumors have been flying for a few weeks and it's finally official. Gruppo Campari has signed an agreement to acquire 100% of Canadian Whisky producer Forty Creek Distillery for about $166.9 million. Campari notes that Forty Creek is the fastest growing brand in the Canadian whisky category in Canada and "well positioned" in the US. Founder John Hall will remain chairman of the company and whisky maker at Forty Creek Distillery. After the acquisition is completed, all