M&As this week: Pernod Ricard USA, Mason Wells
Pernod Ricard USA's new brand ventures division has acquired a majority stake in Del Maguey Single Village Mezcal.
Pernod Ricard USA is a subsidiary of Pernod Ricard.
Del Maguey Single Village Mezcal offers artisanal, hand-crafted mescals from the Oaxaca region of Mexico.
Mason Wells has acquired King Juice Company, a co-manufacturer of non-carbonated beverages.
Financial details of the deal have not been disclosed.
The target company owns the Calypso brand of flavoured lemonades, limeades, and teamonades, which are retailed across the US and distributed in 20 countries.
The acquisition is expected to help King Juice to strengthen its retail and distribution networks.