US whiskey and bourbon company Beam, which bought Cooley Distillery last year, won’t be selling whiskey from cans or mixed with flavours, Beam chief executive Matt Shattock said
Beam, which owns brands such as Jim Beam Bourbon, Canadian Club Whisky and Laphroaig Single Malt Scotch Whisky, bought Cooley Distillery from a group of entrepreneurs led by John Teeling last December for around €71m.
Beam now plans to focus on Cooley’s Kilbeggan brand to promote the whiskey in countries where it already has a strong presence such as the US, Germany, France and Spain. Other Cooley whiskies such as Tyrconnell and own- brand whiskies will continue to be made in Cooley in Louth.
“Kilbeggan is a very strategic asset,” Beam’s Mr Shattock said in an interview yesterday- 2/3/2012. “Our message is very clear: we bought this asset to grow it.”
Irish whiskey sales are growing at 12% a year worldwide .
Mr. Shattock said Beam would also be pushing Kilbeggan Whiskey in India, which consumes 100 million cases of whiskey a year and offers great growth potential because of the country’s expanding middle class who are looking for smoother drinks than India’s domestic brands.