In a move that creates a new larger player in the hot American bourbon market, Bacardi Limited, described as the “largest privately held spirits company in the world,” has purchased for itself Louisville Distilling out of Kentucky. While many individuals may not know that name off the top of their heads, you likely know the bourbon they are involved in – Angel’s Envy.“We have a clear strategy aligned to meet consumer needs in premium spirits and are building an even stronger portfolio through innovation and acquisition,” said Bacardi Limited CEO Mike Dolan in a statement. “The purchase of Angel’s Share Brands and the Angels’ Envy portfolio further reinforces our commitment to growing the super-premium spirits sector.”
Through this acquisition Bacardi, known by most for making one of the most popular rums in the world, gets its hands on one of the top ten fastest growing super-premium bourbons in the United States. The American straight category, according to the spirits giant, as a whole “has experienced a resurgence in the past five years with a nearly five percent growth rate while the super-premium American straight segment has grown nearly 10 percent during the same time.”
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