Italian spirits company buys majority stake in Sagamore Spirit, announces move to Baltimore Peninsula

Sagamore Spirit, the “grain-to-glass” rye whiskey business founded by Under Armour executive chairman Kevin Plank, has sold a majority stake of the company to an Italian firm best known for producing an amaretto liqueur. The company, Illva Saronno Holding S.p.A. — the parent company of Disaronno liqueur — also will relocate its North American headquarters to Baltimore Peninsula as it steps into the driver’s seat of the local whiskey brand, according to a Thursday news release.