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Campari completes Forty Creek deal
Published:  03 June, 2014

Gruppo Campari has announced the completion of its acquisition of Canadian distiller, Forty Creek.

Forty Creek is described as a leading spirits company in Canada, with a portfolio of premium and fast growing Canadian whiskies.

The final enterprise value is said to be CA$198.2 million (€133.7m at the exchange rate at the acquisition closing date), including the price adjustment.

Gruppo Campari has also announced the completion of its purchase of Fratelli Averna, the owner of Averna, a leading brand in the Italian market and one of the most well-known Italian bitters worldwide. As announced on April 15, 2014, the total enterprise value for 100% of the share capital of Averna Group is €103.75m.