CL Financial, based in Trinidad, was in negotiations to buy Cooley earlier in the year but the talks had foundered. However, it has now emerged that the group, which owns the Angostura Bitters brand, was keen to finalise the deal with Burn Stewart before going ahead with an acquisition of Cooley.
IRELAND: CL tipped to make new bid for Cooley
Reports have suggested that the Caribbean company, CL Financial, might renew its interest in taking over the Irish spirits producer, Cooley Distillery, following its recent acquisition of the Scotch whisky group, Burn Stewart.
December 19, 2002