Diageo makes US single malt play with Balcones Distilling buy

Diageo has bought the American single malt whisky producer Balcones Distilling for an undisclosed sum. The deal – announced today (2 November) and financed through the London-headquartered firm’s existing cash resources – is Diageo’s first full scale acquisition in the American single malt category. Diageo also has a minority investment in Westward Whisky via its Distill Ventures accelerator. Texas-based Balcones Distilling – which
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