Drinks Americas Holdings has signed a letter of intent with Rheingold Brewing Company, Inc. for the acquisition of Rheingold Beer.

The deal, which is expected to close within the next 30 days, will see the US drinks group become the exclusive producer and marketer of the established New York brew.

"Rheingold fits well into our distribution network since many of our non-alcoholic distribution partners are beer wholesalers," said Drinks Americas CEO Patrick Kenny.

"Rheingold will benefit in a number of ways from the synergy which comes from being a brand within Drinks as opposed to an independent company."

Financial details for the transaction were not disclosed.