Becle, S.A.B. de C.V. (BMV:CUERVO *) entered into a definitive agreement to acquire Pendleton Whisky Brands of Hood River Distillers, Inc. from Hood River Distillers, Inc. for approximately $210 million.
December 12, 2017
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Becle, S.A.B. de C.V. (BMV:CUERVO *) entered into a definitive agreement to acquire Pendleton Whisky Brands of Hood River Distillers, Inc. for approximately $210 million on December 13, 2017. In addition to the core Pendleton Whisky expression, the acquisition includes the Pendleton Midnight, Pendleton 1910 and Pendleton Directors' Reserve expressions. Hood River Distillers will continue to bottle the Pendleton portfolio of products for Proximo and will also continue to operate with its remaining brands. The transaction is subject to the receipt of regulatory approvals, anti-trust approvals and other customary closing conditions. As of January 8, 2018, early termination notice by Federal Trade Commission (FTC) has been granted. The transaction is expected to close in the first quarter of 2018. Vace Partners acted as financial advisor to Becle, S.A.B. de C.V. (BMV:CUERVO *) and J.P. Morgan Securities LLC acted as financial advisor to Hood River Distillers, Inc. Cravath, Swaine & Moore LLP acted as a legal advisor to Becle, S.A.B. de C.V.
Becle SAB de CV is a Mexico-based company engaged in the beverages industry. The Company focuses on the production, bottling, trade and distribution of alcoholic and non-alcoholic beverages. Its offer includes various types of tequila distributed under own Jose Cuervo brand name, non-alcoholic drinks, ready-to-drink beverages, as well as other distilled alcohols distributed under third-party brand names, including Three Olives, Hangar 1, Stranahan's, Bushmills and Boodles. Its distribution chain comprises operations in the United States, Mexico and other countries. In addition, the Company is involved in the farming and processing of blue agave. The Company owns a number of subsidiaries, such as Tequila Cuervo la Rojena SA de CV, Casa Cuervo SA de CV and Azul Agricultra y Servicios SA de CV.
Becle, S.A.B. de C.V. (BMV: CUERVO *) entered into a definitive agreement to acquire Pendleton Whisky Brands of Hood River Distillers, Inc. from Hood River Distillers, Inc. for approximately $210 million.
BECLE, S.A.B. DE C.V. 
