Copper & Kings American Brandy Company has secured investment from US private-equity firm Neace Ventures.
The investment size and other financial terms were not revealed
In a statement yesterday (15 July), the Louisville-based distiller said the funds will “accelerate the brand’s momentum”. According to the company, the investment will support its distributor network and boost its presence in “high-priority” markets. Like Copper & Kings, Neace Ventures is also headquartered in Louisville, Kentucky.
The brandy producer called the investor’s backing the “next step in its growth story” under Bourdon Spirits Company, which acquired the business from US alcohol giant Constellation Brands in August. Constellation initially took a minority stake in Copper & Kings in 2018. Two years later, it bought the company outright through its incubator division, Constellation Ventures.