A closing date for Brown-Forman's acquisition of Tequila group Casa Herradura has been set.

Brown-Forman said yesterday (21 December) that it has agreed with Herradura's owners, Pablo Romo de la Peña and Jose Guillermo Romo de la Peña, that the US$876m deal will close on 11 January.

"Originally it was anticipated the closing would occur by the end of December, but due to the high quantity of work and the seasonal holidays, the parties agreed to set the closing date for 11 January," Brown-Forman said. All other terms of the transaction remain the same.

Brown-Forman announced in late August that it had won the race for the Tequila company, Among Herradura's brands are its namesake Tequila and El Jimador.