Transaction positions Corby and ABG as one of the leaders in the RTD category in Canada
TORONTO, April 20, 2024 /CNW/ - Corby Spirit and Wine Limited ("Corby" or the "Company") (TSX: CSW.A) (TSX: CSW.B) today announced that its subsidiary, Ace Beverage Group Inc. ("Ace Beverage Group" or "ABG"), has signed a definitive agreement to acquire the Nude ready-to-drink ("RTD") brand and certain assets of MXM Beverages Ltd. ("MXM") for $11 million, which will be funded using available financing from ABG's existing credit facility (the "Transaction").
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