Tuesday, April 17, 2018

LUXCO ACQUIRES CONTROLLING STAKE IN NICHE DRINKS

Luxco, has announced that it has acquired a controlling stake in the Derry - Northern Ireland based drinks producer Niche Drinks, for an undisclosed sum.

It has also been announced that Luxco and Niche Drinks plan to build a new Irish whiskey distillery in Derry’s Ebrington Square.

Luxco acquires controlling stake in Niche Drinks

The companies have partnered for several years, as Niche produces Luxco’s Saint Brendan’s Irish Cream, and they also collaborate on the Quiet Man Irish whiskey brand.

Commenting on the news, Donn Lux, Chairman and CEO of family-owned Luxco, said: “This is a very exciting time for Luxco and Niche. We have worked closely with Ciaran and his team for more than 30 years, spending a lot of time in Derry over that time, so it is great to welcome everyone at Niche Drinks into the Luxco family.”

Earlier this month, Luxco officially opened the doors to its new Lux Row Distillers bourbon distillery in Bardstown, Kentucky, which will now produce the company’s entire bourbon portfolio, including the Ezra Brooks, Rebel Yell, David Nicholson and Blood Oath brands.

Posted by Steve Rush