IRELAND/ITALY: Irishman Brands silent over Illva Saronno deal rumours

By | 9 September 2013

The company is reportedly eyeing expansion

The company is reportedly eyeing expansion

Irish whiskey producer The Irishman Brands has declined to comment on reports that it is in talks to sell a minority stake to Italian drinks firm Illva Saronno to help fund its expansion. 

The proposed deal would see the Tia Maria and Disaronno producer become a minority shareholder in the Irish firm, The Sunday Times reported yesterday (8 September). US corporate finance house CW Downer is thought to be advising on the deal, it was reported. 

A spokesperson for The Irishman Brands, which sells its namesake whiskey brand to 36 countries globally, declined to comment on the report when contacted by just-drinks today. The company last month unveiled new branding and packaging for its portfolio

In 2006, it signed a “long-term” supply agreement with Irish Distillers for the Pernod Ricard subsidiary to distill and lay down Irishman stock. 

Illva Saronno also declined to comment. 

Expert analysis

Global market review of non-Scotch whiskies (US and Bourbon, Irish, Canadian, Indian and Japanese)

The non-Scotch whisk(e)y market – chiefly comprising Irish, US, Canadian, Indian and Japanese whiskies – is one of the most dynamic areas of the global wines and spirits arena. Between 2001 and 2010, the non-Scotch whiskies boasted an impressive 6.9% compound annual growth rate (CAGR) to 209.6m nine-litre cases. This latest market research report from just-drinks/The IWSR provides 2010 actual volume consumption data, 2011 estimates, key market analysis for each whiskey origin plus exclusive interviews with the leading brands.

Sectors: Mergers & acquisitions, Spirits

Companies: Pernod Ricard, Disaronno

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IRELAND/ITALY: Irishman Brands silent over Illva Saronno deal rumours

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