New Orleans-based Sazerac announced Tuesday that it has bought The Last Drop Distillers, which specializes in finding and bottling extremely rare Scotch whisky. The purchase price was not disclosed.
This is the first foray into Scotch for the owner of Buffalo Trace Distillery in Frankfort and Barton 1792 in Bardstown. This gives Sazerac a new line in the super-premium craft market and lets the company expand its European footprint, according to the announcement.
The Scotland-based Last Drop Distillers said in the news release that the purchase would allow the company to “accelerate its ambitious growth plans whilst also allowing the existing Last Drop Distillers team to continue to run the business autonomously.”
The company was founded in 2008 by spirits pioneers James Espey and Tom Jago, who previously worked on some of the best-selling spirits brands in the world, including Johnnie Walker Blue Label, Chivas Regal 18 Year Old, The Classic Malts, Malibu and Baileys Irish Cream, two of the most original and successful new drinks categories in the world.
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Today, the company is run by their two daughters, Beanie Espey and Rebecca Jago, according to the news release.
“We are very excited to be partnering with such industry legends as Tom and James. Equally, we are looking forward to working alongside their daughters Rebecca and Beanie as well as the rest of The Last Drop Distillers team in bringing some of the rarest spirits available to the global consumer market,” said Mark Brown, president and CEO of Sazerac.