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BACARDI LIMITED INVESTS IN GENERAL BEVERAGE CORPORATION

 BACARDI LIMITED INVESTS IN GENERAL BEVERAGE CORPORATION
 MIAMI, Sept. 10 /PRNewswire/ -- Bacardi Limited of Hamilton, Bermuda has reached an agreement to make a significant investment in General Beverage Corporation, the holding entity for the Martini & Rossi group of companies. Bacardi Limited will work in partnership with the General Beverage Group to create a first-class global wine and spirits group with one of the strongest distribution networks and portfolio of brands in the industry.
 This transaction will give the two groups reciprocal access to their distribution networks around the world. The Martini & Rossi group's wide range of products will also supplement Bacardi Limited's product line, which includes Bacardi Rum, the top selling spirit brand in the world.
 Bacardi Limited and General Beverage Corporation are privately held companies. The terms of the purchase were not disclosed. Colker, Gelardin & Co. advised the sellers and J.P. Morgan advised the buyer.
 -0- 9/10/92
 /CONTACT: Manuel Jorge Cutillas of Bacardi Limited, 809-362-1271; or Jacques Gelardin of Colker, Gelardin & Co., 4471-409-2324; or Violy de Harper of J.P. Morgan, 212-648-7850/ CO: Bacardi Limited; General Beverage Corporation ST: Florida IN: SU:


JB-SS -- FL018 -- 8242 09/10/92 17:23 EDT
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Publication:PR Newswire
Date:Sep 10, 1992
Words:195
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