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Sazerac buys Last Drop Distillers

DBR Staff Writer Published 07 September 2016

US drinks group Sazerac has acquired UK spirits brand, The Last Drop Distillers, for an undisclosed sum.

The acquisition allows Sazerac to expand its distribution footprint in Europe.

The Last Drop Distillers was founded in 2008 by James Espey, Tom Jago and Peter Fleck. It specialises in sourcing and bottling rare old spirits.

Its portfolio includes a 50-year old double matured whisky, single malt from 1967, a 48-year old and a 50-year old blended Scotch, a vintage Cognac from 1950 and a blended Scotch from 1960.

Before establishing The Last Drop Distillers, Espey and Jago worked on some of the best-selling spirits including Johnnie Walker Blue Label, Chivas Regal 18 Year Old, The Classic Malts, Malibu and Baileys Irish Cream,

Espey noted that the acquisition marks an important stage in the company’s history and can help it in reaching the next level, allowing it to speed up its growth to meet the rising demand for luxury goods.

He also said that the investment to be made by Sazerac will allow the company to grow as an international brand and widen its opportunities to address the desire for the rarest spirits in the world.

Espey recently said that the company was looking to be acquired by a well established business that can source rare scotch whiskeys.

Sazerac president and CEO Mark Brown 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."

Image: The Last Drop Distillers Limited acquired by The Sazerac Company. Photo: Courteys of The Last Drop Distillers Limited/ PR Newswire.