Kirin Holdings Company has agreed to sell Four Roses Distillery to E. & J. Gallo Winery in a deal that worth an estimated $US775 million.

The bourbon brand dating back to 1888 won World’s Best Single Barrel Bourbon, Best Kentucky Single Barrel Bourbon and Best Kentucky Small Batch Bourbon at the 2024 World Whiskies Awards.

Four Roses is unique in its approach to producing bourbon, utilising five proprietary yeast strains combined with two separate mashbills to create 10 unique recipes. 

While Gallo is best known for its extensive wine brands, it owns spirits labels including High Noon RTDs and New Amsterdam vodka. 

Kirin said: “Since our acquisition of Four Roses in 2002, the business has achieved strong growth, primarily in the US market, and contributed to the growth of Kirin’s enterprise value.

“Meanwhile, Kirin regularly reviews its balance sheet and business portfolio from a medium to long-term perspective. After careful consideration as part of this review, Kirin decided to enter into an agreement to transfer the business to Gallo.

“This transaction will allow Kirin to reallocate its resources toward businesses that could further grow by leveraging Kirin’s own organisational capabilities, thereby further growth in enterprise value.”

A Gallo spokesperson said: “As we move through the regulatory process and await a closing date, we’re incredibly excited about this acquisition and the opportunity to welcome Four Roses into our portfolio. No changes are planned to operations, production, or distribution. We will have no further comment until after closing.”