US drinks giant to buy Lough Gill Distillery for €70m
Sazerac plans to expand production and complete restoration of the 300-year-old Hazelwood House
Lough Gill Distillery, the Sligo-based whiskey company, is set to be acquired by US drinks giant Sazerac for a sum believed to be in the region of €70 million, the Business Post understands.
Under the terms of the proposed deal, Sazerac will acquire full control of the distillery, set on 100 acres outside Sligo town, along with the premium Athrú whiskey brand. An official announcement of the sale is expected early this week, according to ...