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Italy's Campari In Talks To Buy French Liquor Firm Rhumantilles

Published on Jul 24 2019 11:33 AM in Drinks tagged: Trending Posts / Campari / Rhumantilles

Italy's Campari In Talks To Buy French Liquor Firm Rhumantilles

Italian drinks group Campari has revealed that it has entered into exclusive negotiations to buy French firm Rhumantilles SAS in an effort to strengthen its rum business and grow its market in France.

Rhumantilles produces Caribbean Rhum Agricole brands via its Bellonnie & Bourdillon Successeurs (BBS) unit. It is owned by Compagnie Financière Chevrillon and a group of minority shareholders.

Rhum is a specific type of the rum drink that is only made in the Caribbean.

Campari said that the net sales of the firm, which makes the Mauny, Trois Rivières and Duquesne rhums, was €24.1 million. It added that it would give financial details of the proposed accord once it had closed the deal.

A Premium Category

The Italian firm said rum was a premium category "at the heart of the mixology trend and growing cocktail culture".

It added, "Moreover, France is poised to become one of the group's strategic markets, and with this acquisition, Campari group has the opportunity to add significant critical mass in this market."

Campari is the world's sixth largest spirits company and owns more than 50 brands, including Aperol, Grand Marnier and Wild Turkey bourbon.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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