The investment that will be injected into the craft spirits brand through the acquisition will accelerate its ambitious growth plans whilst also allowing the existing Last Drop Distillers board team to continue to run the business autonomously, with the small, personal operation remaining intact.
|Last Drop Distillers acquired by Sazerac|
The Last Drop Distillers, is a family-run company dedicated to discovering and bottling some of the most exclusive spirits in the world. Spirits pioneers James Espey and Tom Jago founded the company in 2008 after long and successful careers in the industry.
Between them James and Tom, have helped to create some of the world’s best-loved spirits brands, including Johnnie Walker Blue Label, Chivas Regal, The Classic Malts, Malibu and Baileys Irish Cream.
Commenting on the news, Mark Brown, President and CEO of the Sazerac Company, said: “We are very excited to be partnering with such industry legends as Tom and James. Equally, we are looking forward to working alongside their daughters Rebecca and Beanie as well as the rest of The Last Drop Distillers team in bringing some of the rarest spirits available to the global consumer market. As a family owned company we fully appreciate the value of a small, engaged and passionate team in a venture such as The Last Drop Distillers and look forward to continuing the excellent progress the business has made since its inception.”
The Sazerac Company portfolio includes a range of global spirits brands, and this latest acquisition will allow the company to extend its presence in the super-premium, craft market as well as expand its European footprint.
Earlier this year Sazerac also acquired Southern Comfort and the Irish whiskey brand Paddy.
Posted by Steve Rush