Wildpack to acquire Vertical can filling business

Wildpack Beverage has announced that it has entered into a binding agreement to purchase Vertical Distilling, LLC, an established aluminium can filler, for US$4,500,000.

Vertical operates in Colorado and the surrounding states, which is an important region in the middle market beverage industry and integral to Wildpack’s growth strategy.  Vertical comes with an established sales force, operational expertise and customers. Wildpack anticipates that there will be numerous synergistic opportunities arising from the acquisition, including the addition of more shifts, the removal of throughput pinch points with light capital upgrades and the installation of new capabilities.

Thomas Walker, chief growth officer, said: “We have successfully completed two acquisitions pursuant to our previously announced letters of intent and are excited to see the third deal move to the definitive agreement stage. We are continuing to build our M&A team and believe the success of our acquisition strategy will be a critical aspect of our overall business strategy.”

Subject to certain conditions, Wildpack anticipates that the acquisition will be completed before the end of August 2021.