Vermouth brand Belsazar is the first portfolio company of Diageo-backed accelerator Distill Ventures to be acquired by the corporate.
Beverages provider Diageo has paid an undisclosed amount to acquire Belsazar, a Germany-based aperitif producer that is also a graduate of its Distill Ventures accelerator.
Belsazar has developed its own brand of vermouth which is available in more than 750 German outlets including gastronomy bars, restaurants and biergardens, as well as selected locations in the UK.
The company has not revealed details of any funding, but it graduated from Distill Ventures in 2014 and is the first such graduate to…
