Major M&A Wave: Sazerac 818 Tequila/TWG Phony Negroni, Sysco Restaurant Depot, McCormick Unilever, KDP JDE, Spirits Deals
Key Questions
What investment did Sazerac make in 818 Tequila?
Sazerac invested in 818 Tequila, the US-based brand founded by Kendall Jenner, securing exclusive distribution rights amid a tequila market slowdown. The terms of the investment were undisclosed.
What acquisition did TWG announce for Phony Negroni?
TWG acquired Phony Negroni, the #1 non-alcoholic (NoLo) brand available in 7,000 outlets. This move expands TWG's presence in the growing non-alcoholic aperitivo category.
What is the proposed Sysco acquisition of Restaurant Depot?
Sysco is pursuing a $29 billion acquisition of Restaurant Depot, facing potential antitrust issues estimated at $250 million. The deal is part of ongoing major M&A activity.
What are the details of McCormick's interest in Unilever?
McCormick is eyeing Unilever's foods division, valued at $29 billion or potentially $20 billion. This follows other large-scale deals in the food sector.
What is the status of KDP's deal with JDE and other developments?
KDP is in an $18 billion deal for JDE, projecting +5.5% growth in Q1 2026, alongside Nestlé Starbucks K-Cups. Pepsi's Doritos and Coke remain steady, with Columbia signing an LOI with RNDC.
Sazerac invests in 818 Tequila exclusive distro amid tequila slowdown; TWG acquires #1 NoLo Phony Negroni in 7k outlets; Sysco $29B Restaurant Depot antitrust ($250M); McCormick $29B/$20B Unilever Foods; KDP $18B JDE +5.5% Q1'26/Nestlé Starbucks K-Cups; Pepsi Doritos/Coke steady; Columbia LOI RNDC; others ongoing.