Dandurand and La Martiniquaise-Bardinet have agreed to acquire the Lamb’s rum brand and “certain assets” from Corby Spirit and Wine.
The deal was conducted via Maison des Futailles, which is majority owned by Canadian wine major Dandurand, and Glen Turner Company, part of the French spirits group La Martiniquaise-Bardinet – itself a subsidiary of Cofepp
It splits the rum label’s rights between North America and international markets, with Dandurand and Cofepp taking respective ownership. The transaction carries a value of C$39.2m (US$28m), subject to customary adjustments. It covers brand inventories alongside intellectual property.
In a statement yesterday (5 August), Corby, majority owned by Pernod Ricard, said the sale “sharpens” its focus on “priority growth platforms, including ready-to-drink beverages and premium spirits”. The disposal will also release capital for “higher-return” opportunities and makes its portfolio simpler, the Canada-listed drinks producer and distributor added. Corby owns brands including J.P.