TORONTO, Sept. 30, 2016 /CNW/ - Corby Spirit and Wine
Limited ("Corby" or the "Company") (TSX: CSW.A, CSW.B) announced
today the closing of the previously disclosed acquisition of the
spirits assets of Domaines Pinnacle Inc. ("Domaines Pinnacle"),
including its spirits portfolio of distinctly Canadian brands,
comprised of the unique Ungava® Premium Canadian gin brand, Chic
Choc® spiced rum, and a range of maple-based liqueurs including
Coureur des Bois® and Cabot Trail®, as well as related production
assets and inventory. The brand portfolio and other assets acquired
by Corby will now be operated by Ungava Spirits Co. Ltd., ("Ungava
Spirits") a new, wholly-owned Corby subsidiary that is based in the
current location of the spirits business in Cowansville, Quebec.
"Today marks an important milestone in Corby's history as we
welcome these innovative brands to our existing Canadian
portfolio," said Patrick O'Driscoll,
President and CEO, Corby. I'm confident that the entrepreneurial
spirit of the joining team will further benefit innovation at
Corby, as we continue to focus on driving growth and creating value
for the company and our customers."
"We are pleased to become part of Corby – an iconic Canadian
spirits company that shares our passion for bringing premium brands
to the market," said Charles
Crawford, co-founder of Domaines Pinnacle, who joined Corby
as the President of Ungava Spirits, reporting to Mr. O'Driscoll.
"We look forward to working as a subsidiary of Corby, from our
existing facilities in Quebec, as
we take Ungava Spirits' brands to the next level."
About Corby
Corby Spirit and Wine Limited is a
leading Canadian manufacturer, marketer and distributor of spirits
and imported wines. Corby's portfolio of owned-brands includes some
of the most renowned brands in Canada, including J.P. Wiser's®, Lot No.
40®, Pike Creek® and Gooderham & Worts® Canadian whiskies, as
well as Lamb's® rum, Polar Ice® vodka and McGuinness® liqueurs.
Through its affiliation with Pernod Ricard S.A., a global leader in
the spirits and wine industry, Corby also represents leading
international brands such as ABSOLUT® vodka, Chivas Regal®, The
Glenlivet® and Ballantine's® Scotch whiskies, Jameson® Irish
whiskey, Beefeater® gin, Malibu® rum, Kahlúa® liqueur, Mumm®
champagne, and Jacob's Creek®, Wyndham Estate®, Stoneleigh®, Campo
Viejo®, Graffigna® and Kenwood® wines. In 2016, Corby was named one
of the 50 Best Workplaces in Canada by The Great Place to
Work® Institute Canada for the fifth consecutive year, and was also
listed for the second time among Greater Toronto's Top
100 Employers. Corby is a publicly traded company based
in Toronto, Ontario, and
listed on the Toronto Stock Exchange under the trading symbols
CSW.A and CSW.B. For further information, please visit
our website or follow us on LinkedIn, Twitter
(@CorbySW), and Instagram (@CorbySW).
Forward Looking Statements
This press release
contains forward-looking statements, including statements
concerning possible or assumed future results of Corby's
operations. Forward-looking statements typically are preceded by,
followed by or include the words "believes", "expects",
"anticipates", "estimates", "intends", "plans" or similar
expressions. Forward-looking statements are not guarantees of
future performance. They involve risks, uncertainties and
assumptions and, as such, actual results or expectations could
differ materially from those anticipated in these forward-looking
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. All financial results are reported in
Canadian dollars.
SOURCE Corby Spirit and Wine Limited