Corby Distillery dumps booze brands in $32.9 million sale
Sale also includes the company’s Montreal manufacturing facility
TORONTO—Corby Distilleries Ltd. has has sold a number of its brands and the shares of its subsidiary that owns the manufacturing and bottling facility in Montréal to Sazerac Company Inc. for $32.9 million.
The transaction is expected to close on Oct. 31, 2011.
The deal involves the sale of 17 brands, including De Kuyper Geneva gin, De Kuyper Peachtree schnapps, Red Tassel vodka and Silk Tassel Canadian whisky and the Montréal manufacturing facility where a significant number of the brands are produced.
The majority of Corby’s remaining brands will continue to be manufactured in the Hiram Walker & Sons Ltd. facility in Windsor, Ont., which Corby manages for Pernod Ricard S.A.
Corby owns some of the most renowned booze brands in Canada, including Wiser’s Canadian whisky, Lamb’s rum, Polar Ice vodka and McGuinness liqueurs.
The company also represents ABSOLUT vodka, Chivas Regal, Glenlivet scotch, Jameson Irish Whiskey and Beefeater gin.
Metairie, L.A.-based Sazerac was founded in 1890 and family-run maker of bourbon, gin, vodka and tequila.