Food wholesaler Musgrave has agreed to acquire the brand and assets of Ireland-based Drinks Inc, the exclusive agent for brands and wineries including BrewDog, Dingle Distillery and Isla Negra.

Drinks Inc, established in 2001, will continue to trade as a stand-alone business.

Musgrave chief executive Chris Martin said: “As one of the fastest-growing drinks companies on the island of Ireland, Drinks Inc is an excellent strategic fit for Musgrave and will strengthen our existing offer to the market.

“The acquisition forms part of our overarching Growing Good Business strategy to deliver long term sustainable growth and follows a £28m investment programme to open 20 additional stores and revamp 40 existing stores in Northern Ireland that was announced earlier this year.”

Drinks Inc has been distributing beverage products on the island of Ireland. The company’s distribution portfolio includes more than 1,000 products ranging from spirits, wines, beer and soft drink categories.

Upon completion of the deal, Kevin O’Leary will serve as Musgrave’s business director, while Drinks Inc owner Paul Camplisson will continue his association with the company on a consultancy basis.

Camplisson said: “Becoming part of Musgrave is a fantastic opportunity for the Drinks Inc business. In a relatively short period of time, we have firmly established ourselves as one of the largest independent drinks distributors in the market.

“Musgrave will enable us to provide an enhanced service to our customers and their track record of growing successful customer-focused businesses makes this the right move for Drinks Inc.”

The companies did not reveal the financial details of the deal.