said on Monday it had reached an agreement to buy an initial 70% stake in Wilderness Trail Distillery for $420 million, strengthening its bourbon offer.
The deal implies a current enterprise value of $600 million, which makes it the second biggest acquisition for the Italian group after it bought Grand Marnier in 2016. He added that the acquisition allows the group, which already controls Wild Turkey, to significantly expand its production capacity and ageing inventory to satisfy the future growth of Campari's premium bourbons.
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Selling off ANOTHER American industry to a foreign venture.