ANGOSTURA ON ACQUISITION FAST TRACK
In continuation of our story earlier this week, Angostura has not only made the former Seagram’s distillery its international headquarters, but has also acquired Charles W. Medley distillery in Owensboro, KY. The company reportedly paid over $3 million for the distillery.
"One of the gaps in our portfolio has been Kentucky bourbon," said Lawrence Duprey, chairman of Angostura’s parent, CL Financial Group, as reported by the Courier Journal.
"Kentucky bourbon is enjoying significant growth in Europe and the Far East. It's becoming a world brand," Duprey said.
It looks like Angostura is on the acquisition fast track, but it remains to be see how things will eventually pan out for the Caribbean company.
"One of the gaps in our portfolio has been Kentucky bourbon," said Lawrence Duprey, chairman of Angostura’s parent, CL Financial Group, as reported by the Courier Journal.
"Kentucky bourbon is enjoying significant growth in Europe and the Far East. It's becoming a world brand," Duprey said.
It looks like Angostura is on the acquisition fast track, but it remains to be see how things will eventually pan out for the Caribbean company.
posted at 1:31 PM
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