FUNMAN
4年前
Pernod plans $250m Jefferson’s Bourbon distillery
09 DECEMBER 2022
By Melita Kiely
French drinks firm Pernod Ricard will build a US$250 million (€238m) American whiskey distillery for its Jefferson’s Bourbon brand.
Jefferson's Bourbon
Jefferson’s Bourbon joined the Pernod Ricard portfolio in 2019
The new ‘state-of-the-art’ distillery will be carbon neutral, and will also include warehouses. It will be located in Marion County, Kentucky.
Alexandre Ricard, chairman and CEO, Pernod Ricard, commented: “American whiskey is an extremely vibrant spirits category and our strategic investments over the last few years have proven successful.
“Our philosophy of partnering with entrepreneurial brand founders, while preserving the heritage and terroir associated with the brands they created, has made us an established player in premium American whiskey.
“Jefferson’s founder Trey Zoeller is no exception. This new investment will allow us to grow our share of category sales not only in the US, but also in export markets.”
Pernod Ricard acquired Jefferson’s Bourbon in 2019 through its purchase of parent company Castle Brands. Since then, sales of Jefferson’s in the US have doubled.
The news of the new facility follows Pernod Ricard’s creation of the company’s dedicated American arm, The American Whiskey Collective.
It also follows the announcement of a €400m (US$422.6m) investment in expansion and sustainable improvements across its distilleries in Ireland and Scotland.
Ann Mukherjee, chairman and CEO, Pernod Ricard North America, said: “The new distillery will enable Jefferson’s to efficiently keep up with very strong consumer demand while staying true to the company’s longstanding commitment to sustainability.
“Our company is an agricultural company at its core and so it is vital that we lead the category forward – in partnership with our farmers and growers – and remain committed to the long-term sustainability of our people, our industry and our planet. This investment is the latest illustration of that belief.”
Pernod Ricard said Jefferson’s would continue to partner with local farmers and suppliers to source local ingredients and casks.
FUNMAN
5年前
RIP - KAD - It is with great sadness that we pass along the news that our founder, Steve Thompson, passed away on September 6th, 2021 at the age of 79 years old. Distilling was Steve's life and passion - he was the President of Brown-Forman Distilleries from 1987 to 1995, created Hawaii Island Spirits Inc. in 2007, and in 2012 was able to realize his dream in opening his own distillery, Kentucky Artisan Distillery, in Crestwood, Kentucky.
Steve was an incredible force of nature, breathing life into every room, never slowing down, and always speaking directly from the heart. He will be dearly missed by us all.
We will pass along funeral arrangements when they are available.
Please join us in keeping Steve, his family and his colleagues at Kentucky Artisan in your thoughts during this difficult time.
https://www.facebook.com/KentuckyArtisanDistillery/
FUNMAN
7年前
It's officially over ... October 9, 2019 at 8:30 AM EDT
Pernod Ricard Completes Acquisition of Castle Brands
PARIS & NEW YORK--(BUSINESS WIRE)--Oct. 9, 2019-- Pernod Ricard (Euronext ticker RI; ISIN Code: FR0000120693) and Castle Brands Inc. (NYSE American: ROX) announced today the successful completion of the acquisition of Castle Brands by a subsidiary of Pernod Ricard S.A., through a cash tender offer followed by a short-form merger.
On this occasion Alexandre Ricard, Chairman & Chief Executive Officer of Pernod Ricard, stated: “We’re thrilled about the closing of the Castle Brands acquisition and the opportunity it offers us in the world’s largest spirits market, the US, a priority market for the Group.”
As previously announced, Pernod Ricard, through one of its subsidiaries, offered to acquire all of the outstanding common stock of Castle Brands for $1.27 per share in cash, net of applicable withholding taxes and without interest. The tender offer expired at Midnight, New York time, on October 8, 2019. A total of 150,335,952 shares of common stock of Castle Brands, representing approximately 89.52% of the outstanding Castle Brands shares, were validly tendered into (and not validly withdrawn from) the tender offer. As of such expiration, all conditions to the tender offer have been satisfied. As a result, all such Castle Brands shares have been irrevocably accepted by Pernod Ricard’s subsidiary for payment, which will be made on October 9, 2019.
Concurrently with the payment for the tendered shares, on October 9, 2019 the offeror merged with and into Castle Brands via a short-form merger. As a result of the tender offer and the merger, Castle Brands became an indirect wholly owned subsidiary of Pernod Ricard and Castle Brands’ common stock will cease trading on the NYSE American.
At the effective time of the merger, Castle Brands common stock held by the remaining Castle Brands shareholders who did not tender their shares in the tender offer (other than those who properly exercise appraisal rights) were cancelled and converted into the right to receive the same $1.27 per share price, net of applicable withholding taxes and without interest, that was paid in the tender offer. Castle Brands shareholders who did not tender their shares in the tender offer will receive relevant information in the mail on how to receive payment for their shares in connection with the merger.
About Pernod Ricard
Pernod Ricard is the No.2 worldwide producer of wines and spirits with consolidated sales of €9,182 million in FY19. Created in 1975 by the merger of Ricard and Pernod, the Group has developed through organic growth and acquisitions: Seagram (2001), Allied Domecq (2005) and Vin&Sprit (2008). Pernod Ricard, which owns 16 of the Top 100 Spirits Brands, holds one of the most prestigious and comprehensive brand portfolios in the industry, including: Absolut Vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute, and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur, Mumm and Perrier-Jouët champagnes, as well Jacob’s Creek, Brancott Estate, Campo Viejo, and Kenwood wines. Pernod Ricard’s brands are distributed across 160+ markets and by its own salesforce in 73 markets. The Group’s decentralised organisation empowers its 19,000 employees to be true on-the-ground ambassadors of its vision of “Créateurs de Convivialité.” As reaffirmed by the Group’s three-year strategic plan, “Transform and Accelerate,” deployed in 2018, Pernod Ricard’s strategy focuses on investing in long-term, profitable growth for all stakeholders. The Group remains true to its three founding values: entrepreneurial spirit, mutual trust, and a strong sense of ethics. As illustrated by the 2030 roadmap supporting the United Nations Sustainable Development Goals (SDGs), “We bring good times from a good place.” In recognition of Pernod Ricard’s strong commitment to sustainable development and responsible consumption, it has received a Gold rating from Ecovadis and is ranked No. 1 in the beverage sector in Vigeo Eiris. Pernod Ricard is also a United Nation’s Global Compact LEAD company.
Pernod Ricard is listed on Euronext (Ticker: RI; ISIN Code: FR0000120693) and is part of the CAC 40 index.
About Castle Brands
Castle Brands is a developer and international marketer of premium and super-premium brands including: Jefferson’s®, Jefferson’s Presidential SelectTM, Jefferson’s Reserve®, Jefferson’s Ocean Aged at Sea Bourbon®, Jefferson’s Wine Finish Collection and Jefferson’s Wood Experiments, Goslings® Rums, Goslings® Stormy Ginger Beer, Knappogue Castle Whiskey®, Clontarf® Irish Whiskey, Pallini® Limoncello, Boru® Vodka, Brady’s® Irish Cream, The Arran Malt® Single Malt Scotch Whisky, The Robert Burns Scotch Whisky and Machrie Moor Scotch Whisky. Additional information concerning the Company is available on the Company's website, www.castlebrandsinc.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191009005406/en/
Source: Pernod Ricard and Castle Brands Inc.
Pernod Ricard
Julia MASSIES / VP, Financial Communication & Investor Relations +33 (0) 1 41 00 42 02
Adam RAMJEAN / Investor Relations Manager +33 (0) 1 41 00 41 59
Fabien DARRIGUES / External Communications Director +33 (0) 1 41 00 44 86
Emmanuel VOUIN / Press Relations Manager +33 (0) 1 41 00 44 04
Alison DONOHOE / Press Relations Manager +33 (0) 1 41 00 44 63
Castle Brands
Jared LEVY & Ben SPICEHANDLER – Castle-SVC@SARDVERB.com
J-fire
7年前
I guess this is it. like it or no, have to sell.
Received an offer as following:
Offer terms
09/16/2019 5:10 PM ET
Rook Merger Sub, Inc. is offering to purchase for cash all of the outstanding
shares of Castle Brands Inc. at a purchase price of $1.27 in cash, net of
applicable withholding taxes and without interest, per share.
The Offer is being made pursuant to the Agreement and Plan of Merger, dated as
of August 28, 2019, by and among Parent, the Offeror and Castle Brands. The
Merger Agreement provides, among other things, that following the consummation
of the Offer, and subject to the satisfaction or waiver of certain conditions,
the Offeror will merge with and into Castle Brands, with Castle Brands being
the surviving corporation in the Merger as a wholly owned subsidiary of Parent.
Conditions of the offer include, but are not limited to:
- There having been validly tendered the number of shares which constitutes at
more than 50% of the issued and outstanding common shares.
- The expiration or termination of any waiting period (and any extensions
thereof) applicable to the Offer or the Merger under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended.
The offering documents are scheduled to be sent to you if you held these shares
as of the close of business on 09/09/2019.
Cutoff date 10/07/2019 7:00 PM ET
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