Davide Campari-Milano SpA (MIL:CPR) (0.2%) (CPR - $8.65 - ITALY-MILAN) is a leading beverage company headquartered in Sesto San Giovanni, Italy. The company was founded in 1860, and today is the sixth largest player worldwide in the premium spirits industry. The company’s portfolio consists of over fifty brands and spans spirits (the core business), wines, and soft drinks. The company owns many niche brands including Aperol, Appleton, Campari, Cinzano, SKYY Vodka, and Wild Turkey. Campari’s growth strategy aims to combine organic growth through strong brand building with shareholder value enhancing acquisitions, focusing on strong, niche brands that will enhance the company’s critical mass in key markets. In June, 2014, the company acquired Forty Creek Distillery, a leading producer of Canadian whisky, as well as Fratelli Averna S.p.A., owner of the leading Italian bitters brand Averna.
From Mario Gabelli (Trades, Portfolio)’s The Gabelli Asset Fund Second Quarter 2014 Shareholder Commentary.
