Bullboard - Stock Discussion Forum Corby Spirit and Wine Ltd T.CSW.A

Alternate Symbol(s): CRBBF | CBYDF | T.CSW.B

Consumer Defensive Beverages - Wineries & Distilleries

Corby Spirit and Wine Limited is a Canada-based manufacturer, marketer and distributor of spirits and imported wines. The Company operates through two segments: Case Goods and Commissions. The Case Goods segment includes the production and distribution of its owned beverage alcohol brands. The Commissions segment includes non-owned beverage alcohol brands in Canada. Its portfolio of owned... see more

Add To Watchlist

TSX:CSW.A - Post Discussion

Corby Spirit and Wine Ltd > Ready to drink?

View:

Post by autofocus111 on Jun 13, 2023 10:43am

Ready to drink?

I dunno about this move. Not a big fan of fads.

>>>TORONTO, June 12, 2023 /CNW/ - Corby Spirit and Wine Limited ("Corby" or the "Company") (TSX: CSW.A) (TSX: CSW.B) today announced it has signed a definitive agreement (the "Transaction") to acquire 90% of the outstanding shares of Ace Beverage Group Inc. ("Ace Beverage Group" or "Ace") for $148.5 million. With roots dating back to 2013, Ace Beverage Group has achieved consistent high double-digit growth to become a Canadian RTD leader. Its flagship brand, Cottage Springs, is the leading ready-to-drink ("RTD") brand in Ontario, with a strong positioning in key category segments and bestsellers that include, Cottage Springs Vodka Soda, Vodka Water and Tequila Soda. Ace also boasts a rich and diversified portfolio of other innovative brands, such as Ace Hill, Cabana Coast and Liberty Village.

https://www.newswire.ca/news-releases/corby-spirit-and-wine-limited-to-acquire-ace-beverage-group-874024751.html

328