TORONTO, May 13, 2024
/CNW/ -
CLOSING OF TRANSACTION
Corby Spirit and Wine Limited ("Corby" or the
"Company") (TSX: CSW.A) (TSX: CSW.B) announced today the
closing of the previously disclosed acquisition of the Nude
ready-to-drink brand and certain assets of MXM Beverages Ltd. by
its subsidiary, Ace Beverage Group Inc.
ADDITION TO CORBY BOARD OF DIRECTORS
The Corby Board of Directors announced that, effective today,
Pam Laycock has been appointed as an
independent Director of Corby. Ms. Laycock brings significant
expertise to guide the Corby Board of Directors, having served in
various executive capacities in business and digital
transformations, and with decades of Executive, Board and advisory
experience from a variety of industries. Ms. Laycock graduated with
a Master of Business Administration degree from the Schulich School
of Business, York University, and a
Bachelor of Commerce degree from the University of Toronto. Ms. Laycock also holds an
ICD.D designation from the Institute of Corporate Directors.
"We are very pleased to welcome Pam to the Corby Board of
Directors. Her extensive experience in leading transformation,
strategic planning, and execution will undoubtedly strengthen our
Board and help guide the Company as we continue to navigate an
ever-evolving business landscape," said Lucio Di Clemente, Chair of the Corby Board of
Directors.
About Corby Spirit and Wine
Limited
Corby Spirit and Wine Limited ("Corby") is a leading Canadian
manufacturer, marketer and distributor of spirits, wines and
ready-to-drink beverages. Corby's portfolio of owned-brands
includes some of the most renowned brands in Canada, including J.P. Wiser's®, Lot 40®, and
Pike Creek® Canadian whiskies, Lamb's® rum, Polar Ice® vodka and
McGuinness® liqueurs, as well as the Ungava® gin, Cabot Trail®
maple-based liqueurs and Chic Choc® spiced rum, Cottage Springs®
ready-to-drink beverages, and Foreign Affair® wines. Through its
affiliation with Pernod Ricard S.A., a global leader in the spirits
and wine industry, Corby also represents leading international
brands such as ABSOLUT® vodka, Chivas Regal®, The Glenlivet® and
Ballantine's® Scotch whiskies, Jameson® Irish whiskey, Beefeater®
gin, Malibu® rum, Kahlúa® liqueur, Mumm® champagne, and Jacob's
Creek®, Wyndham Estate®, Stoneleigh®, Campo Viejo®, and Kenwood®
wines. Corby is a publicly traded company based in Toronto, Ontario, and is listed on the Toronto
Stock Exchange under the trading symbols CSW.A and CSW.B. For
further information, please visit our website or follow us on
LinkedIn.
About Ace Beverage Group
Inc.
Ace Beverage Group ("ABG") is a leading better-for-you ("BFY")
beverage alcohol company in Canada. Its flagship brand, Cottage Springs,
is one of the biggest and fastest growing ready-to-drink brands in
Canada. Additional popular brands
include Ace Hill, Cabana Coast and
Casa Del Ray. ABG's mission is to develop, launch and market the
world's best tasting BFY alcoholic beverages.
About Nude Beverages
Headquartered in Vancouver, BC,
Nude Beverages was created with a mission to develop drinks that
were sugar and sweetener free. Nude launched Canada's first ready-to-drink 5% sugar-free
vodka soda in 2017 and has since crafted several Nude product line
extensions and new brands, such as Los Flamingos and
Slappy's.
www.Corby.ca
SOURCE Corby Spirit and Wine Limited