Bacardi becomes sole owner of Teeling Irish whiskey
Family-owned Bacardi has acquired the remaining stake in Teeling Irish whiskey and now has full ownership of the brand.
Brothers Jack and Stephen Teeling, founders of Teeling Irish whiskey, will remain part of the brand to shape its future and drive growth, Bacardi confirmed.
Bacardi bought a minority stake in the Dublin-based whiskey producer in 2017 and increased its ownership to become the majority shareholder in 2023.
Mahesh Madhavan, chief executive officer, Bacardi, said: “Teeling is the perfect fit for Bacardi. The brand stands for quality, craftsmanship and a fearless approach to the category with fresh ideas and innovative new whiskeys. The hundreds of awards it’s received say everything about its success.
“There is so much long-term potential for the Irish whiskey category globally and with Teeling we are perfectly positioned to take advantage of every opportunity.”
Since 2017 when Bacardi first became involved in the Irish whiskey brand, Teeling has more than doubled in size and grown globally. It is now exported to more than 80 markets worldwide.
“My brother and I both know that at Bacardi, Teeling is in the best possible hands,” said Jack Teeling, co-founder of the Teeling Whiskey Company.
“Working closely with the Bacardi team over the last nine years has proven to us that as a family-owned company, Bacardi appreciates the value of everything the Teeling brand stands for and its commitment to raising the bar for Irish whiskey.
“Now, as Teeling and the fabulous team in Dublin fully join the Bacardi family, we are excited to see everything they will achieve in the years ahead.”
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