Bacardi has become an investor in the ultra premium cachaça Leblon.

The company said today (16 October), that Leblon, the national spirit of Brazil, made from Brazilian sugar cane shows the "group's desire to develop and grow new opportunities in the premium and super premium spirits segments".

Leblon president and CEO Steve Luttmann said: "With Bacardi's involvement as a strategic partner and investor in our company, Leblon Cachaça will be able to lead the Caipirinha trend in the US and around the world."

Bacardi U.S.A. president and CEO John Esposito added: "With Leblon, Bacardi has found a brand that reflects the quality and luxury that our group is known for and we look forward to a successful relationship as the brand continues to grow."

Leblon is available at fine retailers, restaurants, bars and clubs throughout the US, as well as the UK, France, Thailand, and Ireland.