Carolans product dating
Gruppo Campari sells Carolans and Irish Mist brands for USD 165.0 million to Heaven Hill Brands Gruppo Campari announced that it has reached an agreement to sell the Carolans and Irish Mist brands to Heaven Hill Brands via the sale of 100% of the share capital of TJ Carolan & Son Ltd., a wholly owned subsidiary.The enterprise value is USD 165.0 million (€ 141.7 million at the current exchange rate) on cash free/debt free basis,subject to the customary price adjustment mechanisms.Heaven Hill Brands is America’s largest independent family-owned and operated distilledspirits company and is headquartered in Bardstown, Kentucky.The company is the overall sixth-largest supplier in the U. and has produced and ages the second-largest inventory of Bourbon in the world.Carolans and Irish Mist were acquired by Gruppo Campari in 2010 as part of a larger portfolio which also included Frangelico, the key acquisition target.Carolans is the second-largest selling Irish cream whiskey liqueur world-wide.
Other manufacturers, such as Carolan’s™ may have different recommendations.
Moreover, thanks to this disposal, we can further accelerate in the reduction of our financial indebtedness.
Since the beginning of 2016 we have divested non-strategic assets for a total value of approximately € 260 million We are delighted to have worked with Gruppo Campari on this acquisition.
Manufacturers of cream liqueurs point to the effective preservative qualities of alcohol as the reason that refrigeration is not required.
Baileys™ guarantees it’s product for 2 years from the date of manufacture, opened or unopened, and suggests a storage temperature range of 0-25˚Celsius.
Oxygen will cause the liqueur to turn brown, and may cause changes in the texture of the product.