Beam To Purchase Cooley Distillery

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Published: 01/04/2012

DEERFIELD, Ill. — Beam Inc. last month announced that it is purchasing the Cooley Distillery, an award-winning independent Irish whiskey producer.

The acquisition of Cooley, the industry’s only remaining independent Irish whiskey distillery, will mark Beam’s entrance into one of the spirits industry’s fastest-growing categories. The purchase price is approximately $95 million on a debt-free basis.