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Chairman and CEO David M. Cordani said the deal was "aligned with our highly disciplined approach to managing our portfolio."
“We will be keeping on many, if not all of the existing Continuum Distilling products,” said CEO Stelios Stavrianos.
“We are delighted to welcome both teams from Paradigm and Lyons & Lyons into our family,” said Managing Partner Ron Pac.
"This deal represents a significant and exciting growth opportunity for Synchrony," said President and CEO Brian Doubles.
Catskill Hudson common stock will no longer be quoted on the OTC markets.
Kingswood Capital Management LP, a Los Angeles-based private investment firm, paid $131 million for the business.
The acquired company’s clients will not experience any interruption in services.