Campari Gains Stake In Capevin, Owner Of Bunnahabhain And Other Single Malts

Campari Group has taken a minority stake in Capevin Holdings Proprietary Limited for £69.9 million ($91.9m). The move will bolster Campari’s position in the Scotch whisky market, giving the company a share of single malts Bunnahabhain, Deanston, Tobermory and Ledaig, and blends Scottish Leader and Black Bottle. Terlato handles the single malts in the U.S.

Campari’s investment in Capevin amounts to a 14.6% share of the South African company, giving Campari a place on Capevin’s board. Capevin is the indirect owner of CVH Spirits Limited, the company in charge of the above single malts and blends. Campari’s existing Scotch portfolio is led by the Glen Grant brand. In its fiscal half, Campari posted sales up 3.8% to €1.5 billion ($1.6b), with adjusted EBITDA up 3.5% organically to €419 million ($453m).—Shane English

Tagged : Campari Group, Capevin Holdings

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