Bacardi To Acquire New Zealand Spirits Firm

Published: 10/16/2006

Hamilton, Bermuda - Bacardi Ltd. recently announced its plans to purchase the New Zealand spirits company 42 Below Ltd. Bacardi's all cash offer values the company at approximately $91 million.""Bacardi is acquiring young premium brands in 42 Below."" said Andreas Gembler, president and CEO of Bacardi Ltd.