Botanical products manufacturer AMASS has made its first acquisition, purchasing the operating assets of direct-to-consumer wine subscription platform Winc, in an effort to expand its alcohol business beyond spirits and hard seltzer.
The demand for hand sanitizer has spiked in recent weeks amid the COVID-19 pandemic, making the germ-killing product hard to come by both in stores and online, where Amazon and EBay have been forced to crack down on price gouging. With their ample supplies of alcohol, distilleries have stepped up to close the gaps.
