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Sligo's Lough Gill Distillery bought by Sazerac Company

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Under the terms of the deal for the Lough Gill Distillery, The Sazerac Company plans to fully develop the more than 100 acre site, the original demesne of Hazelwood House, to create a new whiskey facility and visitor attraction.

Sazerac brands include Paddy Irish Whiskey, Michael Collins Irish Whiskey, Buffalo Trace Bourbon, Pappy Van Winkle Bourbon and Southern Comfort.

It also plans to significantly grow the footprint of Lough Gill Distillery through increasing the distillery's capacity, adding warehousing capacity and expanding production and bottling lines. David Raethorne, founder of the Lough Gill Distillery, said the deal is a major announcement for Sligo and a vote of confidence in the potential for Sligo to become a major player in the booming global Irish whiskey market.

Mark Brown, president and chief executive officer of Sazerac, said that with its rich history of distilling and storytelling, Ireland is an ideal homeplace for the company's whiskey business to flourish.

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