White Rock Distilleries sells vodka line for $605M

Beam Inc., the company behind Jim Beam Bourbon, is buying the Pinnacle Vodka brand from Lewiston-based White Rock Distilleries for $605 million. The deal also includes White Rock's Calico Jack rum brand.
According to a press release from Beam, Pinnacle Vodka sales have consistently grown by double digits to make it the fourth-largest imported vodka brand in the country. Acquiring the brand will boost Beam's presence in the growing vodka market. P ...