By Susannah Skiver Barton
West Virginia craft distiller Smooth Ambler Spirits has agreed to sell a majority stake to NBV Investments Inc., an affiliate of Pernod Ricard USA . The deal is expected to close in early 2017, and Smooth Ambler co-founder John Little will now serve as CEO, with director of sales and marketing John Foster also staying on. The sale amount wasn’t disclosed, but it will allow Smooth Ambler to increase production and grow its local team. Paris-based Pernod Ricard owns a number of whisky brands from around the globe, including Chivas Regal , Ballantine’s , Glenlivet ,...
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