Bacardi Takes Control Of Teeling
A mere six years after investing in the Dublin-based Irish whiskey-making Teeling Distillery, Bermuda-based Bacardi has taken majority control of the distiller.
The percentage of Bacardi’s ownership stake was undisclosed but founders Jack and Stephen Teeling will continue to own a percentage of the business and run day-to-day operations.
Bacardi initially invested in The Teeling Whiskey Company in June 2017 and – beginning in January 2024 – Teeling will be distributed by Bacardi in Austria, Germany, the Netherlands and the UK with Sweden to be added in February and Belgium currently scheduled to be added in March.
Teeling remains the only Irish whiskey in Bacardi’s portfolio which includes its signature rum products as well as popular spirits in other categories such as vodka [Grey Goose], gin [Bombay Sapphire], tequila [Patrón] and blended Scotch whisky [Dewar’s] Scotch whisky.