Sligo's Lough Gill Distillery bought by Sazerac Company

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 61%

Nigeria News News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pfizer buys 8.1 per cent stake in French vaccines company ValnevaPfizer buys 8.1 per cent stake in French vaccines company Valneva via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Pfizer buys stake in French vaccines company ValnevaShares rise sharply, surging by 14.5% in early session trading V
Source: IrishTimes - 🏆 3. / 98 Read more »