Illva Saronno Group, the Italian drinks visitor which owns Disaronno and Tia Maria, has bought a majority stake in US whiskey distillery Sagamore Spirit.
Italian drinks visitor Illva Saronno Group has bought a majority stake in Sagamore Spirit rye whiskey trademark and distillery, based in the US state of Baltimore.
The deal marks the Italian group's first venture into the American rye whiskey category, and is designed to strengthen Illva Saronno's position in the US.
“We are thrilled to signify this transaction, which supports our portfolio strategy to reap upper growth, lulu margin brands, and in this case, broaden our offering into the premium American whiskey segment,” said Aldino Marzorati, CEO of Illva Saronno Holding S.p.A.
“We have unchangingly held the US market and this operation allows us to strengthen our portfolio with a visitor and products that we fully believe in."
Marzorati widow that the deal demonstrates Illva Saronno's transferral to standing to grow "as a global leader in the spirits industry" and stated that through the vanquishment Illva Saronno is worldly-wise to enter "the lulu Bourbon whiskey category and exploit its growth potential virtually 160 countries where we once have a presence with Disaronno.”
A spokesperson from Sagamore Spirit said that Illva Saronno will protract to use the same whiskey distilling process currently in place at the distillery, which involves rye, corn and water.
Sagamore Spirit prides itself on its local grain and water sourcing, state-of-the-art distilling, and ageing, which all takes place in Maryland.
As well as its flagship Rye Whiskey, Cask Strength Rye Whiskey and Double Oak Rye Whiskey, Sagamore moreover produces a range of canned whisky cocktails including the Pineapple Ryegarita, Ginger & Rye and Black & Rye.
Illva Saronno Holding, an Italian-based multinational, is best-known for its Italian liqueur Disaronno, but moreover produces and sells wines including Duca di Salaparuta, Corvo and Florio.
