Diageo PLC Aviation and Davos Brands acquisition - completion
01 October 2020 - 1:30AM
Dow Jones News
TIDMDGE
RNS Number : 6164A
Diageo PLC
30 September 2020
30 September 2020
Diageo completes acquisition of Aviation Gin LLC and Davos
Brands LLC
Further to the announcement on 17 August 2020, Diageo today
announces that it has completed the acquisition of Aviation Gin LLC
and Davos Brands LLC ('Davos Brands'). This acquisition supports
our participation in the super premium gin segment in the United
States and is in line with Diageo's strategy to acquire high growth
brands with attractive margins that support premiumisation.
"We are confident that Aviation American Gin will continue to
shape and drive the growth of super premium gin in North America
and we are looking forward to working with Ryan Reynolds and the
Davos Brands team to accelerate future growth", said Ivan Menezes,
Chief Executive of Diageo.
ENDS
Enquiries:
Media relations:
Jessica Rouleau +44 (0)7925 642 561
Francesca Olivieri +44 (0)7523 930 130
press@diageo.com +44 (0)7803 856 200
Investor relations: Lucinda Baker +44 (0)7974 375 550
investor.relations@diageo.com
About Diageo
Diageo is a global leader in beverage alcohol with an
outstanding collection of brands including Johnnie Walker, Crown
Royal, J B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and
Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and
Guinness.
Diageo is a global company whose products are sold in more than
180 countries around the world. The company is listed on both the
London Stock Exchange (DGE) and the New York Stock Exchange (DEO).
For more information about Diageo, our people, our brands, and
performance, visit us at www.diageo.com . Visit Diageo's global
responsible drinking resource, www.DRINKiQ.com , for information,
initiatives and ways to share best practice.
Celebrating life, every day, everywhere.
Diageo plc
LEI: 213800ZVIELEA55JMJ32
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END
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September 30, 2020 11:15 ET (15:15 GMT)
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