Beam sells select spirit brands to Luxco
date:Jan 22, 2013
Deerfield, Ill.-based Beam Inc. announced a definitive agreement to sell its Wolfschmidt vodka, Calvert, Bellows, Dark Eyes vodka, Canada House Canadian and Tempo Triple Sec brands and related inventory to Luxco, a St. Louis-based producer, importer and marketer of beverage alcohol products, for $65 million. Distributed in North America, the brands generated revenues of approximately $30 million, excluding excise taxes, and volumes of approximately 1.8 million cases in 2012, the company reports.
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