TORONTO, Oct. 2, 2017 /CNW/ - Corby Spirit and Wine
Limited ("Corby" or the "Company") (TSX: CSW.A, CSW.B), a leading
Canadian manufacturer, marketer and distributor of spirits and
imported wine, announced today the closing of the previously
disclosed acquisition of all the shares of the winery and assets of
the vineyard, which together operate as the Foreign Affair Winery,
a Niagara, Ontario-based VQA wine
producer. The transaction results in Corby's acquisition of
premium award-winning Ontario red,
white and rose wines, including Temptress, Enchanted, Amarosé and
The Conspiracy brands, as well as related production assets and
inventory. The brand portfolio and other assets acquired by Corby
will now be operated by The Foreign Affair Winery Limited, a new,
wholly-owned Corby subsidiary that is based in the current location
of the winery in Vineland Station, Ontario.
"It is an exciting time for Corby as we welcome these premium
Canadian wines to our portfolio of represented international
wines," said Patrick O'Driscoll,
President and CEO, Corby. "We are delighted to welcome Len and Marisa Crispino and the whole team to
the Corby family, and look forward to working together to grow the
Foreign Affair brands."
"Marisa and I look forward to assisting Corby to create lasting
and memorable experiences and to continue on a path of inspired
innovation," said Len Crispino,
Proprietor of the Foreign Affair Winery.
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 40®, and Pike Creek® Canadian whiskies, as
well as Lamb's® rum, Polar Ice® vodka and McGuinness® liqueurs, in
addition to the recently acquired Ungava® Premium Canadian gin,
Cabot Trail® maple-based liqueurs and Chic Choc® Spiced rum.
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 2017, Corby was named one
of the 50 Best Workplaces in Canada by The Great Place to Work® Institute
Canada for the sixth consecutive year, and was also listed 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