It gave no price tag for Paddy, which is the world's number four Irish whiskey producer and owned by Pernod unit Irish Distillers. Pernod and Sazerac entered into exclusive negotiations on the sale earlier this month.
At the time, Irish Distillers chief executive Anna Malmhake said that the deal would allow "Irish whiskey's reputation and footprint" to grow globally. Pernod said proceeds from the Paddy sale would facilitate investment in other key Irish Distillers brands, including Jameson and Powers.
Irish Distillers will continue to produce Paddy Irish Whiskey in its Midleton distillery in Ireland, it said.
Pernod Ricard is the world's second-biggest spirits company after Diageo of Britain. Sazerac is a private, family-owned spirits company founded in 1850.
Source: AFP
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
