Campari buys majority stake in Montelobos mezcal

Italy‚Äôs Campari Group has acquired a controlling stake in Montelobos mezcal and Ancho Reyes liqueur for US$35.7 million. The Wild Turkey owner has purchased a 51% share in Licorera Ancho Reyes and Casa Montelobos, producers of Mexican spirits brands Montelobos mezcal and Ancho Reyes. The deal, which is expected to close by the end of 2019, includes the brands, intellectual property and each company’s related inventories. Ancho Reyes is a liqueur crafted from ancho and…

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