Sunday February 16, 2020

Teeling can finally toast €71m takeover of Cooley

The €71 million takeover of Cooley Distillery by American drinks group Beam has been a long time coming. It has been more than 18 years since Cooley, founded by chairman John Teeling and Donegal bus

18th December, 2011
2
John Teeling, founder and chairman, Cooley Distillery. Photo: Fran Veale

The €71 million takeover of Cooley Distillery by American drinks group Beam has been a long time coming. It has been more than 18 years since Cooley, founded by chairman John Teeling and Donegal businessman Willie McCarter, last saw a viable takeover bid for the Co Louth-based whiskey business.

Back in 1993, Irish Distillers offered to buy out the fledgling whiskey company in a €13 million deal. The Competition Authority scuppered the takeover on the grounds...

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