Chilco River Holdings buys Canada's Daru Whiskey [Yahoo! Finance]
CHILCO RIVER HLDGS INC (CRVH)
Company Research
Source: Yahoo! Finance
The deal is the latest acquisition by Chilco River Holdings, a fledgling, publicly-traded US company, which, under previous guises, was previously focused on the casinos and minerals sectors. Daru Whiskey was set up in 2020 by two brothers inspired by their father's distilling of his own spirits in India. The firm's flagship product is made from a Canadian corn mash-bill and aged for three years in Canadian oak barrels. In a statement, Chilco River Holdings said it had bought Daru Whiskey “in an all-restricted stock transaction, aligning long-term incentives between both organisations and reinforcing a shared vision for growth”. Terms were not disclosed. The new owner plans to increase Daru Whiskey's distribution in the off- and on-premise. Its products are sold through Total Wine & More. The business also has a distribution agreement in place with Southern Glazer's Wine and Spirits in California. “We believe Daru has significant runway for growth across new states, retail ch
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