C&C Group is required to obtain shareholder approval for the disposal. Subject to that condition, we expect the transaction to be completed on 30 June 2010. There are no other conditions for the sale, although consultation will be carried out with the employees within the business and any others who are affected by the transition.
Stella David, Chief Executive Officer of William Grant & Sons said: "William Grant & Sons has a rich history in Scotch whisky dating back to 1886, and we have been looking to further develop our non-Scotch portfolio. Irish whiskey is a natural fit and C&C's spirits business provides a unique opportunity to acquire a number of significant brands and enter the highly desirable and dynamic Irish whiskey category.
"We shall make significant investment in Ireland and invest in the long-term value growth of the brands, including Tullamore Dew Irish Whiskey which, at 600,000 cases, and given its potential, will become a core global brand in our business," she added.
They paid a lot of money for the brand, so they must see a lot of growth down the line.
http://business.scotsman.com/business/W ... 6267052.jp
What I would hope they may consider would be to build a Malt distillery some where in Ireland and expand that particular section of the market.
What I would hope they may consider would be to build a Malt distillery some where in Ireland and expand that particular section of the market.[/quote]
Not sure of all the details, but Bulmers is based in Clonmel, I think. So maybe they are inheriting some infrastructure from there? I could have this totally wrong.
I wouldn't mind a malt distillery, but there are hundreds of malt distilleries in the world and only one real pure pot still distillery.
That said, Cooley are going to make pot still in Kilbeggan, and the new Dingle Distillery will also make pure pot still.
I have to agree with Aidan on this one. We have enough single malt producers all over the world including two in Ireland already so it would be great to see more Pure Pot Still produced but I can't see these guys doing it to be frank.
C&C currently ship in primarily grain whiskey produced at Midleton and bottle it in Clonmel under the Tullamore Dew name so the bottling plant and warehousing is there already. I'd imagine a new production facility making grain whiskey and grain neutral spirit could be constructed relatively quickly at that location. It would still take some years though for the stock from this facility to mature so all in all, we're stilll some years away from Tullamore Dew actually making its own whiskey. They'll have to buy in from Cooley (which will be the end of Triple Distillation for them) or as more likely, continue to buy off Jameson for at least another five years plus. And, if they just produce a simple grain whiskey with a minimal bit of Pot Still blend, will it be worth the wait???
Five years is a long time in this game and the world could evolve in all sorts of directions. Building a distillery and bearing all the costs ones self and not meeting sales projections could be a disaster. In five years time, Grants might find that other Irish Whiskies have come into play more and it wont be simply a case of chipping away at Jameson alone anymore. They may find themselves up against a strongly Pot Stilled sleeping giant like Powers should IDL finally let the leash off. And of course, not building ones own distillery and relying on others can restict your freedom to grow volumes at ones own pace. I'm really intrigued by this one. Can't wait to see what happens. Definitely the Irish Whiskey story of the year.
Ahh! I didn't know that. Excellent. Now we're rocking. I wonder can they make enough to supply Tullamore/Grants! They make Tullamore Dew Single Malt I believe already.
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