Monday, November 12, 2007

Beam Sells Wines to Barton

Although it just finished changing its corporate name to Beam Global Spirits and Wine (its new web site just debuted last week), another new name is coming since the "and wine" part is going away, sold to Constellation (parent company of Barton) for $885 million. Beam is getting out of wine to concentrate on spirits, while Constellation, already the world's biggest wine maker, is now bigger. The sale was announced this morning.

Beam makes bourbons Jim Beam, Knob Creek and Maker's Mark. Barton makes bourbons Ridegmont Reserve 1792, Ten High and Very Old Barton.

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