Cuatrecasas advises Brown-Forman on the acquisition transaction of Diplomático Rum
Cuatrecasas has advised the US Brown-Forman Corporation
on acquiring the companies in the Destillers United Group S.L. that are headquartered in Portugal, Spain and Panama, and produce, market and distribute Diplomático Rum
For Brown-Forman, the closing of this purchase—after completion of the customary closing conditions in this type of transaction—is an important milestone in the course of the company’s expansion process, which has led the company to taking over some of the major brands operating in its industry in recent months.
With this acquisition, Brown-Forman significantly expands its product portfolio, consolidating the company as a global benchmark in the production and distribution of alcoholic beverages. It has an annual turnover of over $5 billion and assets in excess of $6.5 billion, according to public sources.