Brown-Forman Company (NYSE:BFA, BFB) introduced at this time it has reached an settlement to buy the Diplomático Rum model and associated property from Destillers United Group S.L. (Spain). Upon completion of the transaction, Brown-Forman will add the Diplomático Rum household of manufacturers to its portfolio and purchase a manufacturing facility situated in Panama.
“Diplomático Rum will be a part of our increasing portfolio, giving Brown-Forman a market main entry into the fast-growing super-premium rum class. This aged rum model has distinctive packaging, sturdy model positioning, and is a scrumptious tasting spirit” Tweeted Brown-Forman
The Diplomático Rum household of manufacturers is the No. 1 super- and ultra-premium rum and the No. 2 super-premium+ rum worldwide (IWSR, 2021). Tremendous-premium+ rum has grown at an annual price of 17% over the previous 5 years, with rum accounting for about 8% of worldwide spirits.
“Diplomático Rum will be a part of our increasing portfolio, giving Brown-Forman a market main entry into the fast-growing super-premium rum class. This aged rum model has distinctive packaging, sturdy model positioning, and is a scrumptious tasting spirit,” stated Lawson Whiting, President and CEO, Brown-Forman Company. “As a part of this acquisition, we’ll welcome greater than 100 new workers to Brown-Forman.”
Destillers United Group S.L. will proceed to provide and age the distinctive, carefully-crafted, and sophisticated Diplomático Rum of their authentic distillery on the foot of the Andes mountains.
“We’re proud to have pioneered and been instrumental in growing the super-premium+ rum class all over the world. Diplomático Rum is able to speed up its progress with Brown-Forman, one of many world’s most well-known spirits and wines corporations,” said Destillers United Group S.L., present proprietor of the Diplomático Rum model. “We share an identical familial tradition and know the model will proceed constructing on our legacy. We sit up for working collectively to carry Diplomático Rum to customers all over the world.”
Diplomático Rum is offered in additional than 100 nations. Prime markets embrace France, Germany, and the USA.
Diplomático Rum consists of three ranges of advanced rums. The Conventional Vary consists of Planas, Mantuano, Reserva Exclusiva, and Selección de Familia. The Status Vary consists of Single Classic and Diplomático Ambassador, each aged 12 years and completed in Spanish sherry casks. The Distillery Assortment features a vary of three restricted manufacturing bottlings that showcase the distillery’s distinctive distillation strategies.
The transaction, which is topic to customary closing situations, is predicted to shut inside 90 days.
About Diplomático Rum:
Diplomático is a super-premium rum from Venezuela. In 2018, Diplomático was awarded Wine Fanatic’s prestigious “Spirit Model of the 12 months,” the first-ever rum to win on this class. The Diplomático Rum distillery is situated on the foot of the Andes Mountains and is family-owned. Diplomático Rum’s distillery combines conventional strategies with trendy know-how to provide the best of rums. The manufacturing space boasts nice situations for sugar cane and rum manufacturing together with fertile lands, plentiful water, and a Caribbean local weather.
www.ronDiplomático.com, @Diplomático rum
About Brown-Forman:
For greater than 150 years, Brown-Forman Company has enriched the expertise of life by responsibly constructing high-quality high quality beverage alcohol manufacturers, together with Jack Daniel’s Tennessee Whiskey, Jack Daniel’s Tennessee RTDs, Jack Daniel’s Tennessee Honey, Jack Daniel’s Tennessee Fireplace, Jack Daniel’s Tennessee Apple, Gentleman Jack, Jack Daniel’s Single Barrel, Woodford Reserve, Outdated Forester, Coopers’ Craft, The GlenDronach, Benriach, Glenglassaugh, Slane, Herradura, el Jimador, New Combine, Korbel, Sonoma-Cutrer, Finlandia, Chambord, and Fords Gin. Brown-Forman’s manufacturers are supported by roughly 5,200 workers globally and offered in additional than 170 nations worldwide. For extra details about the corporate, please go to brown-forman.com. Observe us on Twitter, Instagram, and LinkedIn.
About Destillers United Group S.L.:
For greater than 20 years, Destillers United Group (DUG) has produced Diplomático Rum with ardour utilizing their experience in combining trendy and conventional distillation strategies to provide distinctive rums for demanding palates. DUG’s identification is solid by a dedication to high quality, making rums and different beverage alcohol manufacturers, together with Canaima Gin, CocuySoroche, Cinco Estrellas, Rumba Ron; as properly different rum liquors, whiskies, whiskies liquors, Brandy, Vodkas, Vodka Liquors, Anis, Wellington Gin, Bitters, Mixers, and Aperitives. DUG manufacturers are supported by roughly 600 workers globally and are offered in additional than 100 nations worldwide.
