The London-based craft gin distillery Sipsmith has been bought by the spirits firm Beam Suntory Inc. for an undisclosed sum, the BBC reported on 16 December.
The deal follows other moves by large drinks firms to tap the increasing demand for craft beers and spirits. For Sipsmith, which was founded in 2009, the acquisition bolsters its presence in existing export markets and adds new ones in Central and South America.
Beam Suntory, a subsidiary of Suntory Holdings Limited and the world’s third-largest spirits firm, counts Yamazaki whisky, Laphroaig Scotch and Courvoisier cognac among its products.