CL Financial, the parent of UK-based drinks group CL World Brands, has closed the purchase of a US distillery from Pernod Ricard.

The Caribbean-based company, whose holdings include rum producer Angostura and Scotch whisky group Burn Stewart, has completed the acquisition of the site in Lawrenceburg, Indiana. Financial terms were not disclosed.

Pernod Ricard USA, the local arm of the French drinks giant, announced yesterday (2 July) that the agreement provides ongoing employment for a portion of the workforce as well as continued distilling of Seagram's Gin at the Lawrenceburg facility.

Pernod Ricard USA has said that its bottling facility in Fort Smith, Arkansas will take care of Seagram's Gin and Wild Turkey in future.

Pernod had warned last year that it would close the site under a move to trim excess capacity in the country following the Allied Domecq takeover in 2005. CL FInancial, however, had its bid accepted due to synergy benefits and "employment opportunities".