According to Reuters, Bacardi has agreed to buy out Patron Spirits International in a deal valuing the top high-end tequila maker at $5.1 billion. The deal comes soon after Pernod Ricard bought out Avion Tequila and months after Diageo bought George Clooney’s Casamigos tequila for up to $1 billion. Analysts put the price at about […]
Ingredion, Inc. will expand in texture systems again as the company has entered into a stock purchase agreement to acquire all of the outstanding shares of TIC Gums, Inc. Ingredion expects to fund the $400 million transaction with available cash and short-term credit. TIC Gums, White Marsh, Md., is a privately held company that provides […]
