ITALY: Campari takes control of Skyy Spirits

By Chris Brook-Carter | 14 December 2001

Campari, the Italian drinks producer, has said it is paying US$207.5m in cash to acquire a controlling stake in US-based Skyy Spirits, maker of the fast-growing super premium brand Skyy Vodka. The deal sees Campari add another 50% of the company from Skyy founder Maurice Kanbar to the 8.9% it acquired in 1998.

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Campari, the Italian drinks producer, has said it is paying US$207.5m in cash to acquire a controlling stake in US-based Skyy Spirits, maker of the fast-growing super premium brand Skyy Vodka. The deal sees Campari add another 50% of the company from Skyy founder Maurice Kanbar to the 8.9% it acquired in 1998.

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