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Castle Brands is a developer and international marketer of premium and super premium beverage alcohol brands. Its core
Castle completed its
spirits
Spirit(s) commonly refers to:
* Liquor, a distilled alcoholic drink
* Spirit (animating force), the non-corporeal essence of living things
* Spirit (supernatural entity), an incorporeal or immaterial being
Spirit(s) may also refer to:
Liquids ...
include rum
Rum is a liquor made by fermenting and then distilling sugarcane molasses or sugarcane juice. The distillate, a clear liquid, is often aged in barrels of oak. Rum originated in the Caribbean in the 17th century, but today it is produced i ...
, whiskey
Whisky or whiskey is a type of liquor made from Fermentation in food processing, fermented grain mashing, mash. Various grains (which may be Malting, malted) are used for different varieties, including barley, Maize, corn, rye, and wheat. Whisky ...
/bourbon Bourbon may refer to:
Food and drink
* Bourbon whiskey, an American whiskey made using a corn-based mash
* Bourbon, a beer produced by Brasseries de Bourbon
* Bourbon biscuit, a chocolate sandwich biscuit
* Bourbon coffee, a type of coffee ma ...
and liqueurs
This is a list of liqueurs brands. Liqueurs are alcoholic beverages that are bottled with added sugar and have added flavours that are usually derived from fruits, herbs, or nuts. Liqueurs are distinct from Eau de vie, eaux-de-vie, fruit brandy, ...
, which are marketed and sold in the United States, Canada, Europe, Latin America and Asia.
The company has built its portfolio with both wide market and niche liquor products, including Jefferson's Presidential Collection whiskies. It distributes its products in all 50 states in the United States and the District of Columbia, in thirteen primary international markets, including Ireland, Great Britain, Northern Ireland, Germany, Canada, South Africa, Bulgaria, France, Russia, Finland, Norway, Sweden, China and the Duty Free markets, and in a number of other countries in continental Europe, Asia and Latin America.
History
The company was founded in 1998 by Mark Andrews under the name Great Spirits LLC, through Mr. Andrews’ contribution of family-owned Knappogue Castle Irish Whiskey. Castle Brands Inc, was later established in 2003 and Great Spirits LLC was merged into Castle Brands. Between 2003 and 2006, Castle Brands acquired Roaring Water Bay Spirits, later acquired McLain & Kyne, established Gosling-Castle Partners and signed a distribution agreement with Pallini SpA. These four deals expanded the portfolio with Jefferson’s Bourbon, Boru Vodka, Clontarf Irish Whiskey, and Brady’s Irish Cream Liqueur and provided exclusive distribution rights to Gosling’s rums and Pallini Limoncello.Barrington Research (6 May 2014), Initiating Coverage Report
Castle completed its IPO
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...
in April 2006, at $9.00 per share, and raised net $29.3 million on 3.5 million shares. Proceeds were used to fund product expansion with the October 2006 acquisition of McLain & Kyne as well as an increase in sales and marketing efforts. Additional private financing in later years allowed the company to add more product lines.
Since 2014, the company management focused on growing its current brands across four categories: rum, whiskey/bourbon, liqueurs and vodka.
In October 2019, the company was purchased by the French group Pernod Ricard
Pernod Ricard () is a French company best known for its anise-flavoured pastis apéritifs Pernod Anise and Ricard Pastis (often referred to simply as ''Pernod'' or '' Ricard''). The world's second-largest wine and spirits seller, it also produ ...
, second worldwide producer of wines and spirits.
Brands
Castle Brands’ current portfolio contains the following brands: * Gosling’s Rum, Ginger Beer and Tonics * Ramazzotti Liqueurs * Mary Dowling Bourbon * Method and Madness Irish Whiskey * Mash & Mallow S'Mores WhiskeyReferences
{{Pernod Ricard Pernod Ricard Alcoholic drink companies Companies listed on NYSE American American distilled drinks Drink companies of the United States Food and drink companies based in New York City American companies established in 1998