Vintage Wine Estates, Inc. (VWE) Misses Q1 EPS by 7c

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Vintage Wine Estates, Inc. (VWE) Acquires ACE Cider

November 15, 2021 4:16 PM EST

Vintage Wine Estates, Inc. (NASDAQ: VWE), one of the fastest-growing wine producers in the U.S. with an industry leading direct-to-customer platform, today announced the acquisition of ACE Cider, The California Cider Company, which is expected to close November 16, 2021. The first family-owned cider company in the U.S. and among the fastest growing craft cider brands in the country, ACE produces nearly 90,000 barrels of cider annually.

This strategic acquisition adds an innovative product line to our RTD (ready-to-drink) category and brings us access to a significant new sales channel for distribution,... More