Cockburn's Port sold to Symington Family Estates

The deal comes four years after Symington acquired the Cockburn’s vineyards and wineries from Beam, who retained ownership and global distribution of the brand.

Describing Cockburn’s as ‘one of the greatest names in Port’, Symington joint managing director Paul Symington said: ‘We look forward to applying the centuries of experience that our family has in Port to this magnificent brand.’

Beam Global will continue to distribute Cockburn’s in selected markets, with the deal expected to close by the end of 2010.