Cockburn’s Port has been sold by Beam Global Spirits & Wine to Symington Family Estates for an undisclosed sum.
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
Beam Global will continue to distribute Cockburn’s in
selected markets, with the deal expected to close by the end of 2010.
Written by Richard Woodard