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And we were somewhat concerned as to what might happen to Trey after the acquisition of Castle Brands. They also invested in the Irish brands that were held by ROX. BODs gave the company away imo.
Happy for Trey though.
Pernod plans $250m Jefferson’s Bourbon distillery
09 DECEMBER 2022
By Melita Kiely
French drinks firm Pernod Ricard will build a US$250 million (€238m) American whiskey distillery for its Jefferson’s Bourbon brand.
Jefferson's Bourbon
Jefferson’s Bourbon joined the Pernod Ricard portfolio in 2019
The new ‘state-of-the-art’ distillery will be carbon neutral, and will also include warehouses. It will be located in Marion County, Kentucky.
Alexandre Ricard, chairman and CEO, Pernod Ricard, commented: “American whiskey is an extremely vibrant spirits category and our strategic investments over the last few years have proven successful.
“Our philosophy of partnering with entrepreneurial brand founders, while preserving the heritage and terroir associated with the brands they created, has made us an established player in premium American whiskey.
“Jefferson’s founder Trey Zoeller is no exception. This new investment will allow us to grow our share of category sales not only in the US, but also in export markets.”
Pernod Ricard acquired Jefferson’s Bourbon in 2019 through its purchase of parent company Castle Brands. Since then, sales of Jefferson’s in the US have doubled.
The news of the new facility follows Pernod Ricard’s creation of the company’s dedicated American arm, The American Whiskey Collective.
It also follows the announcement of a €400m (US$422.6m) investment in expansion and sustainable improvements across its distilleries in Ireland and Scotland.
Ann Mukherjee, chairman and CEO, Pernod Ricard North America, said: “The new distillery will enable Jefferson’s to efficiently keep up with very strong consumer demand while staying true to the company’s longstanding commitment to sustainability.
“Our company is an agricultural company at its core and so it is vital that we lead the category forward – in partnership with our farmers and growers – and remain committed to the long-term sustainability of our people, our industry and our planet. This investment is the latest illustration of that belief.”
Pernod Ricard said Jefferson’s would continue to partner with local farmers and suppliers to source local ingredients and casks.
My mistake on the Reserve in cognac casks, it was the Rye in cognac casks. The regular Rye was the best.
I've met plenty of people who like the Ocean.
I've tried almost all of the extensions at one time or another except the priciest ones.
The Reserve and the Rye (when available) are my favorites, and I believe still beat the comparable competition.
They probably would have picked up at least the lions share of KAD. I kinda miss the stock but I don't miss their silence.
I came across a bottle of the Reserve aged in cognac casks that I had been looking forward to and I didn't like it. :(
I wonder what's going to happen to KAD's ownership now. If Frost et al still owned ROX it would not have surprised me one bit if they would have acquired 100% ownership.
I miss ROX but still buy 6 Jefferson's Reserve bottles for the Lake George Camping trip.
Sorry to hear that. I met him on my first trip up to the KAD when Liz introduced me to Trey and I got the private tour. He seemed very genuine and was easy to talk to.
RIP - KAD - It is with great sadness that we pass along the news that our founder, Steve Thompson, passed away on September 6th, 2021 at the age of 79 years old. Distilling was Steve's life and passion - he was the President of Brown-Forman Distilleries from 1987 to 1995, created Hawaii Island Spirits Inc. in 2007, and in 2012 was able to realize his dream in opening his own distillery, Kentucky Artisan Distillery, in Crestwood, Kentucky.
Steve was an incredible force of nature, breathing life into every room, never slowing down, and always speaking directly from the heart. He will be dearly missed by us all.
We will pass along funeral arrangements when they are available.
Please join us in keeping Steve, his family and his colleagues at Kentucky Artisan in your thoughts during this difficult time.
https://www.facebook.com/KentuckyArtisanDistillery/
That's great news FUN. She has had a tough row to hoe.
I wish her the very best.
She's back!!! emily_goslings - Yummy @goslingsrum at @pourhouse. So good to be back! Thank you @adamdomet
https://www.instagram.com/p/CBb3Dc_BkAR/
Looks like Emily is beating the odds!!
Already there my friend :)
I would second this for anyone still looking for a speculation stock.
LQMT has HUGE potential. I've been trading LQMT for a few years now and recently turned green on my long term core investment. Too many huge catalysts going on for LQMT.
LQMT is mentioned in patents for Ford and Apple. They have an agreement with Apple for CE.
I essentially took all my ROX profits and dumped into LQMT.
Ok great my friend. G/l out there. Stay in touch.
Yes it is. Thanks
Hello my good friend. Of course I remember you. Is this the board you are speaking of?
https://investorshub.advfn.com/ORIONS-Money-Stocks-12753/
Hi my friend. Remember me? I am trying to remember the board that I used ot follow that had that Augusta guy on it. I think you posted on it too? If you can help an old friend remember?
LOL
I hope you are doing well?
Yup! We had lots of fun here FUN.
It's officially over ... October 9, 2019 at 8:30 AM EDT
Pernod Ricard Completes Acquisition of Castle Brands
PARIS & NEW YORK--(BUSINESS WIRE)--Oct. 9, 2019-- Pernod Ricard (Euronext ticker RI; ISIN Code: FR0000120693) and Castle Brands Inc. (NYSE American: ROX) announced today the successful completion of the acquisition of Castle Brands by a subsidiary of Pernod Ricard S.A., through a cash tender offer followed by a short-form merger.
On this occasion Alexandre Ricard, Chairman & Chief Executive Officer of Pernod Ricard, stated: “We’re thrilled about the closing of the Castle Brands acquisition and the opportunity it offers us in the world’s largest spirits market, the US, a priority market for the Group.”
As previously announced, Pernod Ricard, through one of its subsidiaries, offered to acquire all of the outstanding common stock of Castle Brands for $1.27 per share in cash, net of applicable withholding taxes and without interest. The tender offer expired at Midnight, New York time, on October 8, 2019. A total of 150,335,952 shares of common stock of Castle Brands, representing approximately 89.52% of the outstanding Castle Brands shares, were validly tendered into (and not validly withdrawn from) the tender offer. As of such expiration, all conditions to the tender offer have been satisfied. As a result, all such Castle Brands shares have been irrevocably accepted by Pernod Ricard’s subsidiary for payment, which will be made on October 9, 2019.
Concurrently with the payment for the tendered shares, on October 9, 2019 the offeror merged with and into Castle Brands via a short-form merger. As a result of the tender offer and the merger, Castle Brands became an indirect wholly owned subsidiary of Pernod Ricard and Castle Brands’ common stock will cease trading on the NYSE American.
At the effective time of the merger, Castle Brands common stock held by the remaining Castle Brands shareholders who did not tender their shares in the tender offer (other than those who properly exercise appraisal rights) were cancelled and converted into the right to receive the same $1.27 per share price, net of applicable withholding taxes and without interest, that was paid in the tender offer. Castle Brands shareholders who did not tender their shares in the tender offer will receive relevant information in the mail on how to receive payment for their shares in connection with the merger.
About Pernod Ricard
Pernod Ricard is the No.2 worldwide producer of wines and spirits with consolidated sales of €9,182 million in FY19. Created in 1975 by the merger of Ricard and Pernod, the Group has developed through organic growth and acquisitions: Seagram (2001), Allied Domecq (2005) and Vin&Sprit (2008). Pernod Ricard, which owns 16 of the Top 100 Spirits Brands, holds one of the most prestigious and comprehensive brand portfolios in the industry, including: Absolut Vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute, and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur, Mumm and Perrier-Jouët champagnes, as well Jacob’s Creek, Brancott Estate, Campo Viejo, and Kenwood wines. Pernod Ricard’s brands are distributed across 160+ markets and by its own salesforce in 73 markets. The Group’s decentralised organisation empowers its 19,000 employees to be true on-the-ground ambassadors of its vision of “Créateurs de Convivialité.” As reaffirmed by the Group’s three-year strategic plan, “Transform and Accelerate,” deployed in 2018, Pernod Ricard’s strategy focuses on investing in long-term, profitable growth for all stakeholders. The Group remains true to its three founding values: entrepreneurial spirit, mutual trust, and a strong sense of ethics. As illustrated by the 2030 roadmap supporting the United Nations Sustainable Development Goals (SDGs), “We bring good times from a good place.” In recognition of Pernod Ricard’s strong commitment to sustainable development and responsible consumption, it has received a Gold rating from Ecovadis and is ranked No. 1 in the beverage sector in Vigeo Eiris. Pernod Ricard is also a United Nation’s Global Compact LEAD company.
Pernod Ricard is listed on Euronext (Ticker: RI; ISIN Code: FR0000120693) and is part of the CAC 40 index.
About Castle Brands
Castle Brands is a developer and international marketer of premium and super-premium brands including: Jefferson’s®, Jefferson’s Presidential SelectTM, Jefferson’s Reserve®, Jefferson’s Ocean Aged at Sea Bourbon®, Jefferson’s Wine Finish Collection and Jefferson’s Wood Experiments, Goslings® Rums, Goslings® Stormy Ginger Beer, Knappogue Castle Whiskey®, Clontarf® Irish Whiskey, Pallini® Limoncello, Boru® Vodka, Brady’s® Irish Cream, The Arran Malt® Single Malt Scotch Whisky, The Robert Burns Scotch Whisky and Machrie Moor Scotch Whisky. Additional information concerning the Company is available on the Company's website, www.castlebrandsinc.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191009005406/en/
Source: Pernod Ricard and Castle Brands Inc.
Pernod Ricard
Julia MASSIES / VP, Financial Communication & Investor Relations +33 (0) 1 41 00 42 02
Adam RAMJEAN / Investor Relations Manager +33 (0) 1 41 00 41 59
Fabien DARRIGUES / External Communications Director +33 (0) 1 41 00 44 86
Emmanuel VOUIN / Press Relations Manager +33 (0) 1 41 00 44 04
Alison DONOHOE / Press Relations Manager +33 (0) 1 41 00 44 63
Castle Brands
Jared LEVY & Ben SPICEHANDLER – Castle-SVC@SARDVERB.com
Enjoy your Jefferson's Chest. Have FUN
I know what your saying, Just hope Jefferson brands can continue turning out more New & old brand styles & without to many changes.
I'll keep a eye out in my areas for anything new coming out soon.
Will continue to buy anything new & hopefully complete collection some day
Also collecting Dalmore 15 & 18 yr / on waiting list for George T. Stagg OCT: NOV:Release one my contacts at local store
Got a BTL:Knob Creek 15 yr old barrel select last month for $50.00 same store contact..
Maybe things will be Ok and work out fine with Jeffersons new owners
could be why the (Grand Selections) idea came about ?? right New Brands possible from other wine vineyards .
My love for Jefferson's ended when they sold the company. I took a lot of pride in it including wearing hats and shirts when traveling through airports. I received plenty of positive comments.
I am slowly consuming my stash.
I will find a less costly bourbon.
I will however continue to buy Clontarf. Tastes Great and less costly.
I was in total wine on Saturday.
Obviously with the ownership changes, stuff is going to change. There was still no Straight Rye, Chef's Collaboration with Tobacco, and the Twin Oaks was not back on the shelves.
All were mentioned by Trey, that they were scheduled to be out by now.
Oh well. I was really looking forward to their release.
Thank you Sir ,May do a little fine tuning in side Tray area ,may add some Jefferson copper rounds coins but close to being finished.
Your treasure chest is freaking FANTASTIC
Kentucky Artisan Distillery
October 5 ·
Thought I would share my Jefferson Bourbon Treasure Chest Collection ..Hope you guys like this creation
I am so sad that ROX sold out, but I've moved on to cannabis.
ROX was so much FUN.
Thought I would Share My finished Jefferson Oceans Treasure Chest Posted now on KAD Official FACE BOOK Page .Check it out tell me what you think
BTW, I stopped into Total Wine today. Still no straight Rye or Chef's collaboration with tobacco. No return of the Twin Oaks either.
I guess that buy-out really changed the plans.
I agree, the insiders gave ROX away. There had to be a reason, but all of us were anticipating much more.
Another year and for sure, the buy out was over $2, so I don't get selling now Vs later?
Yeah but although we made money, it wasn't nearly what we expected.
They gave this puppy away.
It's a nice cash out reward.
Chunk of change my friend.
How to make a little bit of money ...
http://investor.castlebrandsinc.com/node/11126/html
I guess this is it. like it or no, have to sell.
Received an offer as following:
Offer terms
09/16/2019 5:10 PM ET
Rook Merger Sub, Inc. is offering to purchase for cash all of the outstanding
shares of Castle Brands Inc. at a purchase price of $1.27 in cash, net of
applicable withholding taxes and without interest, per share.
The Offer is being made pursuant to the Agreement and Plan of Merger, dated as
of August 28, 2019, by and among Parent, the Offeror and Castle Brands. The
Merger Agreement provides, among other things, that following the consummation
of the Offer, and subject to the satisfaction or waiver of certain conditions,
the Offeror will merge with and into Castle Brands, with Castle Brands being
the surviving corporation in the Merger as a wholly owned subsidiary of Parent.
Conditions of the offer include, but are not limited to:
- There having been validly tendered the number of shares which constitutes at
more than 50% of the issued and outstanding common shares.
- The expiration or termination of any waiting period (and any extensions
thereof) applicable to the Offer or the Merger under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended.
The offering documents are scheduled to be sent to you if you held these shares
as of the close of business on 09/09/2019.
Cutoff date 10/07/2019 7:00 PM ET
I am now flat @ $1.27. Last week my sell order finally filled completely.
Great Day,Found a 1 Btl: of (Manhattan) & Ocean voyage 13 Going into collection..Now, I Just need (Groth finish reserve) anyone! any ideas
Just for the record I am all out as of like two weeks ago. Good luck to all of you. Godspeed.
Tell me about it FUN.
It feels as if the air is slowly leaving a balloon.
Castle Brands Shareholders File Lawsuit Over Merger Bid - (via Business Journal)
September 11, 2019
Tags: Castle Brands Pernod Ricard United States Corporate Affairs Mergers &Acquisitions
A group of Castle Brands Inc. shareholders are attempting
to block the $223 million purchase of the company by Pernod Ricard.
The shareholders allege that the purchase price of $1.27 per share is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders allege that senior management of Castle Brands obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.
Castle Brands did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Castle Brands for more information as to how you can participate at no cost or expense call toll free 800.511.7037
or contact@tripplevy.com
All rights reserved
I've added some proceeds to a few dividend producers already in my portfolio, and am doing a deep dive into cannabis stocks.
I may buy my own ("sort of") self-created ETF.
It seems that the entire sector is down about 20% in the past few weeks.