Friday, February 16, 2007

BELVEDERE ACQUIRES V&S BUSINESS

V&S Group has sold its Florida Distillers business to French spirits group Belvédère to focus on its branded spirits.

V&S bought the unit as part of its acquisition of rum group Cruzan International in 2005. Florida Distillers produces bulk and branded spirits, and is the leading producer of citrus brandy and citrus spirits in the U.S.