Vintage Wine Estates Acquires Ace Cider

Dear Client:  Vintage Wine Estates continues its track of making 2-3 acquisitions per year. Today the company announced the acquisition of California-based Ace Cider for an undisclosed sum. The transaction is expected to close tomorrow. "Ace is an excellent complement to our wine portfolio and its products are distributed through the beer channel which provides a new growth opportunity for all of our RTD products," says VWE ceo Pat Roney.Ace produces nearly 90,000 barrels of cider annually, and the transaction will