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Pernod Ricard’S Canadian Affiliate Corby To Acquire Majority Stake In Ace Beverage Group Canadian Rtd Market Leader

Jun 13, 2023over 2 years ago

Acquiring Company

Corby

Acquired Company

Ace Beverage Group

MarketingAdvertising

Description

Regulatory News:

Company Information

Company

Corby

About

Corby is Canada’s second largest marketer and distributor of spirits & wines, and is majority owned by Pernod Ricard. The company owns or represents many of the 25 top-selling brands in the country and support its brands with innovative and award-winning marketing campaigns and events. In addition to sales across Canada, Corby products are also exported for sale to the United States, Europe and other international markets. Corby’s portfolio includes some of the most renowned brands in Canada, including J.P. Wiser’s, Lot No.40, Pike Creek and Gooderham & Worts Canadian whiskies. Through its affiliation with Pernod Ricard, Corby also represents leading international brands such as Absolut vodka, Chivas Regal, Aberlour, The Glenlivet and Ballantine’s Scotch whiskies, Jameson Irish whiskey and Beefeater gin. Corby is a publicly traded company based in Toronto, Ontario, and listed on the Toronto Stock Exchange under the trading symbols CSW.A and CSW.B. For further information, please visit our website or follow us on LinkedIn, Instagram, or Twitter.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed