NEW ORLEANS, Feb. 24 /PRNewswire/ -- The Sazerac Company Inc., New
Orleans, La., along with Heaven Hill Distilleries, Inc., Bardstown, Ky. and
David Sherman Co., St. Louis Mo., have announced today a definitive agreement
to purchase selected brands, related inventory and a plant facility from
United Distillers & Vintners (UDV); a subsidiary of Diageo PLC (NYSE: DEO),
London for $171 million.
The Sazerac Company's portions of the purchase are the W.L. Weller and Old
Charter bourbon brands.
Rodney Nourse, Director of Corporate Development for the Sazerac Company
commented: "Sazerac is delighted to be able to add two such high quality
brands as W.L. Weller and Old Charter to our portfolio of fine bourbon
whiskies, which currently includes Blanton's Single Barrel and Ancient Age.
We believe very strongly in the global opportunity for bourbon, as well as
being excited about the renewed interest in bourbon among U.S. consumers. The
addition of W.L. Weller and Old Charter to the portfolio will now allow us to
offer a broad spectrum of top quality bourbons both domestically and
The Sazerac Company is a diversified producer and marketer of fine wines
and spirits, with operations in New Orleans, Louisiana; Frankfort, Kentucky;
and Loomis, California.
As part of the announced purchase, David Sherman Corp. is acquiring Arrow
Cordials, the fourth largest-selling cordial line in the U.S., as well as
Rebel Yell Bourbon and related inventories.
Heaven Hill Distilleries is buying Christian Brothers Brandies and dessert
wines, and related inventories; Old Fitzgerald Bourbon, and related
inventories; as well as the Bernheim production facility located in
SOURCE Sazerac Company, Inc.