Bacardi has acquired the remaining stake in the Teeling Irish Whiskey Company and become sole owner of the brand.
Founders Jack and Stephen Teeling will remain a part of Teeling Whiskey, shaping its future and driving growth for the long term as strategic advisors.
The announcement follows the successful relationship the two companies have enjoyed since Bacardi acquired a minority stake in the Dublin-based whiskey company in 2017. Bacardi subsequently increased its stake to become the majority shareholder in 2022.
Bacardi CEO Mahesh Madhavan said: “Teeling is the perfect fit for Bacardi. The brand stands for quality, craftsmanship and a fearless approach to the category with fresh ideas and innovative new whiskeys.
“The hundreds of awards it’s received say everything about its success. There is so much long-term potential for the Irish whiskey category globally and with TEELING we are perfectly positioned to take advantage of every opportunity.”
Since Bacardi first established its relationship with the Teeling Whiskey Company, the brand has more than doubled in size and significantly grown its global presence. Teeling is now exported to more than 80 markets around the world.
Teeling Whiskey Company co-founder Jack Teeling said: “My brother and I both know that at Bacardi, Teeling is in the best possible hands.
“Working closely with the Bacardi team over the last nine years has proven to us that as a family-owned company, Bacardi appreciates the value of everything the Teeling brand stands for and its commitment to raising the bar for Irish whiskey. Now, as Teeling and the fabulous team in Dublin fully join the Bacardi family, we are excited to see everything they will achieve in the years ahead.”
Since the Teeling Whiskey Company was founded in 2012 it has gone on to become the world’s most awarded Irish whiskey, recognised by the likes of the World Whiskies Awards, the Irish Whiskey Masters, the International Wine & Spirit Competition and the San Francisco World Spirits Competition, among many others.