Exclusive: Tito’s Takes Majority Stake In Lalo TequilaAustin, Texas-based Fifth Generation, Inc., parent company of Tito’s Handmade Vodka, has made its first acquisition, agreeing to purchase a majority stake in the fast-growing Lalo Tequila brand for an undisclosed sum. “This opportunity is about leveraging a blueprint that Tito himself pioneered with Tito’s Handmade Vodka, one that proves you can build something enduring by focusing on quality, authenticity, and doing one thing right,” Tito’s president Jon Tepper told SND. McDermott, who serves as CEO of Lalo, told SND there’s plenty of room for the brand to continue building its distribution. That said, there is plenty of opportunity for distribution growth across the country, not to mention our international expansion opportunities.” Lalo recently tapped Reyes Beverage Group as its distributor in the California market. That felt like home to us.”—Daniel MarstellerTagged : Fifth Generation Inc., Lalo, Tito'sGET YOUR FIRST LOOK AT 2025 ESTIMATES AND 2030 PROJECTIONS FOR THE WINE AND SPIRITS INDUSTRIES.