Odyssey Capital has entered a partnership agreement with Flying Winemaker Holdings to acquire Gladstone Vineyard for an undisclosed sum.

Odyssey Capital is an asset management firm based in Hong Kong, while Flying Winemaker is an Australian wine producer.

Odyssey Capital plans to retain Gladstone’s key staff and its proprietor Christine Kernohan, upon completion of the transaction.

The transaction will enable Odyssey Capital to concentrate on the distribution channel in the Asia-Pacific region. It will also increase Gladstone’s production capacity and realign the brands under the Flying Winemaker’s partner network.

Irish Distillers has completed the acquisition of Eight Degrees Brewing for an undisclosed sum.

The acquisition will allow Eight Degrees Brewing to provide a long-term supply of beer to sustain the continued growth of Jameson Caskmates. It will also support Eight Degrees Brewing’s continued innovation and experimentation in the craft beer sector.

“The transaction will enable Odyssey Capital to concentrate on the distribution channel in the Asia-Pacific region.”

Formed in 1996, Irish Distillers is a supplier and producer of spirits and wines, while Eight Degrees Brewing is a micro-brewery offering Bohemian Pilsner Lager, Sunburnt Irish Red Ale and Knockmealdown Irish Stout craft beer brands.

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Both the companies involved in the transaction are based in Ireland.

Heineken has acquired a minority stake in Belize Brewing Company (BBC) for an undisclosed price.

Based in Belize, BBC is a subsidiary of Bowen & Bowen (B&B), which is an importer and distributor of Heineken brands such as Heineken, Amstel and Red Stripe in Belize.

Heineken produces six million hectolitres of beer a year and offers brands, including Tecate, Dos Equis and Heineken, for the Mexican and export markets. Its portfolio includes more than 300 international, regional and local speciality beers and ciders.