Campari acquires Jamaica’s Appleton rum for $415 million

“When completed, this acquisition will give a further boost to the internationalization of Gruppo Campari, further expanding our business outside of Italy, as well as strengthening our largest and most profitable business, the spirits segment,” he said.

Last year, the rum and spirits portfolio achieved total sales volume of 3.5 million nine-liter cases.

Lascelles had previously identified a buyer for Globe Insurance and is finalizing negotiations. But it also operates in the merchandising and transport sectors.

Campari expects to close the acquisition in the fourth quarter of 2012.

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