Pernod Ricard Is Said to Acquire Stake in Abasolo Mexican Whisky

Pernod Ricard SA is acquiring a minority stake in Mexican whisky Abasolo from spirits producer Casa Lumbre, according to people familiar with the matter.

A deal, which would mark Pernod Ricard’s second agreement with Casa Lumbre after acquiring a minority stake in its Ojo de Tigre mezcal last year, could be announced as early as Tuesday, said the people, who asked not to be identified as the information is private.

A spokesman for Pernod Ricard declined to comment.

Alexandre Ricard, the distiller’s chief executive officer, has focused the company’s acquisition strategy on fast-growing, small-batch liquor to keep up ...