Japanese-based Kirin announces deal to sell the Four Roses bourbon brand to wine giant Gallo

Gallo signaled Friday that it sees wine and whiskey as a good mix for business.

The wine giant said it plans to add a prominent Kentucky bourbon brand to its portfolio in a deal to purchase Four Roses Distillery from Japanese-based Kirin.

The deal, valued at up to $775 million, is expected to close in the second quarter of this year, Kirin said in a release. California-based Gallo said no changes are planned in operations, production or distribution once it acquires the Four Roses brand ...