Campari Acquires Appleton Rums

Published: 09/18/2012

MILAN, Italy — Gruppo Campari this month signed an agreement to purchase a majority stake in the company that owns Appleton Estate rum.

Campari is acquiring an 81.4 percent ownership in Lascelles deMercado & Co. Limited, a publicly traded holding company based in Kingston, Jamaica, for $415 million.