[22], In 2003, Sazerac acquired the A. Smith Bowman Distillery, located in Fredericksburg, Virginia. [21], In 1999, Sazerac acquired the W.L. [15] By 2017, the name of the distillery was changed to Boston Brands of Maine. [3] The company is owned by billionaire William Goldring and his family. [5], In 2011, Goldring was awarded The Times-Picayune Loving Cup, awarded annually since 1901 for philanthropy in the New Orleans area. [41]. [5], In 2009, the company's principal office was moved to Louisville, Kentucky, reflecting an increased company focus on bourbon whiskey production. In 2016, the company had an estimated revenue of $1 billion per year and a market valuation estimate of $4.5 billion. The Company offers bourbon, vodka, gin, rum, whisky, and cocktails. Kentucky Gentleman, a bourbon whiskey, is distilled there. T The valuation placed Goldring in the Bloomberg Billionaires Index with an estimated net worth of $3.9 billion. Metairie, LA 70002 The Understated New Orleans Philanthropist. [38], In December 2016, Sazerac announced its acquisition of The Popcorn Sutton Distillery in Newport, Tennessee. [5] The valuation placed Goldring in the Bloomberg Billionaires Index with an estimated net worth of $3.9 billion. The coffee house itself had been established in 1850. The distillery boasts acres of scenic land on the Kentucky River and historic warehouses and … Sazerac Company, Inc is a privately held American alcoholic beverage company headquartered in Metairie in the metropolitan area of New Orleans, Louisiana, but with its principal office in Louisville, Kentucky. [3] The company publishes a Sazerac recipe and produces a Peychaud's Bitters named after Peychaud, which is an ingredient in the traditional Sazerac cocktail. [4], Goldring has three children, Jeffrey Goldring who works for Sazerac, Diane Franco and Marc Goldring. [30], In October 2015, Sazerac acquired Michael Collins, an Irish whiskey from the Sidney Frank Importing Company. [28], In October 2012, Sazerac acquired Gran Gala, a liqueur brand, from Stock Spirits. [50] After a restructuring of Fortune Brands and an acquisition by Suntory, it has since become a Beam Suntory brand. Our spirits are created at some of the world’s best distilleries and they’re waiting for you. On May 31, 2016, Sazerac entered a long-term Canadian national distribution agreement with Charton Hobbs, Inc. a wine and spirits company. A free inside look at company reviews and salaries posted anonymously by employees. As of 2017, it operated nine distilleries, had 2,000 employees, and operated in 112 countries. [5] After its purchase, Handy's company began to acquire and market brands of liquor. [9] In 2014, Sazerac announced the creation the Bond & Royal Company, located in Chicago, Illinois, to take over the specialty and craft segment of its brands from the Gemini Spirits and Wine portfolio including: Del Maguey Single Village Mezcal, a "cousin" to the Tequila family of spirits,"[10] Campo de Encanto Pisco, a Peruvian brandy,[19] Banks Rum, Siete Leguas Tequila, Glenfarclas Single Malt Scotch, Dimmi Liquore di Milano, an Italian liqueur,[20] and the Casa San Matias Tequilas. Sazerac serves customers in the United States and Canada. 75 Sazerac reviews. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. United States, Constellation Brands, Inc.: Constellation Brands Signs Separate Agreements to Divest Paul Masson Grande Amber Brandy and Nobilo, Constellation Brands Signs Separate Agreements to Divest Paul Masson Grande Amber Brandy and Nobilo Wine Brands as Part of. Sazerac Company Inc. operates distilleries and produces alcoholic beverages. [39][40], In June 2020, it was announced that Sazerac would acquire the brands Early Times, Collingwood, and Canadian Mist, including the latter's distillery in Ontario, from Brown-Forman. [12], In 1994, Sazerac acquired Monsieur Henri, a wine and specialty spirits company. The acquisition included the barrel aging stocks related to the different brands as well. Handy. [7][8], William Goldring began buying shares of the company in 1984, and eventually purchased the entire company. [27] In May 2012, Sazerac Acquired several more brands from White Rock Distillery including: Baja Tequila, Tenure Vodka, Epic Vodka, Superia Vodka, Stroyski Vodka, El Charro Tequila, Blackmaker Root beer liqueur, and Chocolate Valley Vines wine. [37], In October 2016, Sazerac acquired Frïs Vodka from Pernod Ricard. On March 3, 2017, it was announced that Sazerac entered a joint venture with, In June 2017, it was announced that Sazerac had entered agreement with, In October 2017, it was announced that Sazerac entered an agreement with, This page was last edited on 16 September 2020, at 20:52. Net worth: US$3.9 billion (2016) Title: Chairman, Sazerac Company: Spouse(s) Jane Goldring: Children: 3: Parent(s) Stephen Goldring Mathilde "Teal" Goldring [11], In June 2009, Sazerac acquired The Old Taylor Bourbon label and barrel inventory from Beam Global Spirits & Wine, now known as Beam Suntory. Over 450 of the world’s most extraordinary brands are part of the Sazerac family. It is one of the two largest spirits companies in the U.S., with annual revenue of about $1 billion made from selling about 300 mostly discount brands. In the company’s latest earnings report for its fiscal 2020 ended April 30, premium bourbons grew underlying net sales by 21%. In 2007, it was announced that they were changing the name Monsieur Henri to Gemini Spirits and Wine, its headquartered in Loomis, California. William A. Goldring (born 1942/1943) is an American billionaire businessman, chairman of the Sazerac Company, and head of the family that owns Sazerac, the second largest spirits company in the US. [31], Also in 2015, Sazerac added Van Gogh Imports, changing its name to 375 Park Avenue Spirits, as an independent, but fully integrated, division in its portfolio. [5], In 1989, Sazerac acquired several brands from Seagram: Benchmark, a bourbon, eventually changing its name from "Benchmark" to McAfee's Benchmark; James Foxe Canadian Whisky; Nikolai (vodka); Carstairs Blended Whiskey; Crown Russe, a vodka and gin brand; Dr. McGillicuddy's, a liqueur brand, that included its Fireball Whisky, which was rebranded as Fireball Cinnamon Whisky in 2007; Eagle Rare, a Kentucky straight bourbon whisky. The company was founded after the purchase of a bar known as the Sazerac Coffee House in 1869 by Thomas H. Handy. Sazerac Company Inc. operates distilleries and produces alcoholic beverages. The Company offers bourbon, vodka, gin, rum, whisky, and cocktails. [6], "Cheap-Liquor Billionaire Looks Abroad as Sales Slow", "New Orleans liquor billionaire looks abroad as US market slows", "William Goldring will receive Times-Picayune Loving Cup", "William Goldring. According to the company, the Sazerac Coffee House had been named after a cocktail called the Sazerac that was created in the mid-1800s by the Creole immigrant Antoine Amédée Peychaud, who operated a pharmacy on Royal Street in the French Quarterof … However, the Sazerac Company still maintains an active presence in the New Orleans area, and it also has operations in Carson[3] and Loomis,[9] California; Baltimore, Maryland; Chicago, Illinois;[10] Bardstown,[11] Frankfort,[12] and Owensboro, Kentucky;[11] Fredericksburg, Virginia;[13] Montreal, Quebec, Canada;[14] Lewiston, Maine;[15] Londonderry, New Hampshire; Newport, Tennessee;[16] and Sergonzac, France. After its purchase, Handy's company began to acquire and market brands of liquor. In June 2009, Sazerac sold Effen Vodka to Fortune Brands. [14] The distillery was eventually renamed as the Old Montreal Distillery. [26], In October 2011, Sazerac Acquired 32 brands from White Rock Distillery, most notably including: Tortilla triple sec, Desert Island cocktails, Kapali liqueurs, Ryans Irish cream liqueur, Fire Water schnapps liqueur, Ice 101 liqueurs, Barbarossa rum, Ice Box blenders and cocktails, Mount Royal Canadian whisky, and others. Value/Company Status: $71 billion market cap; $16.8 billion sales; No.245 on the Forbes Global 2000 list of world's biggest public companies Notable Brands: Gin : Tanqueray, Gordon's, Booth's Suite 1695 [36], Also, in September 2016, Sazerac acquired South Trade International, an Australian spirit maker, from Pinnacle Drinks. [1], He is the son of Stephen Goldring and Mathilde "Teal" Goldring. [34], In May 2016, it was announced that Sazerac had finalized a deal with Pernod Ricard's Irish Distillers to acquire its Paddy Whiskey brand. According to the company, the Sazerac Coffee House had been named after a cocktail called the Sazerac that was created in the mid-1800s by the Creole immigrant Antoine Amédée Peychaud, who operated a pharmacy on Royal Street in the French Quarter of New Orleans in 1838. [3], His grandfather, Newman Goldring, founded Sazerac in 1898 in Pensacola, Florida. [25] The deal also included shares of Corby's manufacturing and bottling facilities in Montreal, Quebec, Canada and Quebec, Canada. The Mr. Boston line of Brandies is distilled there. [35], In September 2016 it was announced that Sazerac acquired The Last Drop Distillers, a Scotch Whiskey bottling company. [4], Goldring is chairman of the Sazerac Company and of Crescent Crown Distributing, the second largest beer wholesaler in the US. The purchase included Barton Brands[23] and several other bourbon brands, a distillery in Bardstown, Kentucky, and a bottling and warehousing facility in Owensboro, Kentucky. Weller Bourbon brands. [3] The coffee house itself had been established in 1850. Alcoholic drinks company based in New Orleans, US, CS1 maint: BOT: original-url status unknown (, Lifting a Glass – Bill Goldring: Recipient of the 2012 Ella Brennan Lifetime Achievement Award, "Cheap-Liquor Billionaire Looks Abroad as Sales Slow", "New Orleans liquor billionaire looks abroad as US market slows", New Orleans Declares Sazerac Its Cocktail of Choice, "The Sazerac – Official Cocktail of New Orleans: How the Sazerac Cocktail Came to Be", "A New Star In The Spirits & Wine Industry – Monsieur Henri becomes Gemini Spirits & Wine Company", "Sazerac buys Kentucky bourbon brands, distillery", "Bourbon Company, Bourbon Man Buffalo Trace Distillery & Mark Brown", "Virginia Gentleman Small Batch Bourbon Review", "Corby Distilleries sells Montreal plant, 17 brands to Sazerac for $32.9-million", "Lewiston liquor bottling facility sold to Sazerac, jobs saved", "Sazerac Expanding into Tennessee Whiskey with Distillery Purchase", "Sazerac Purchases Domaine Breuil de Segonzac Cognac", "Drink of the Week: Campo de Encanto Pisco", "Sazerac creates dedicated craft spirits division", "Vintage Whiskey: Getting Hold Of The Really, Really Old Stuff", "Constellation Spirits sold in Sazerac deal", "Beam Global Spirits & Wine Acquires Effen Vodka", "Sazerac Acquires McGuinness Silk Tassel Canadian Whisky", "Sazerac returns Canadian whisky distilling to Montreal", "Sazerac Buys 32 Brands Of White Rock Distilleries", "Sazerac buys more spirit brands from White Rock", "Stock Spirits sells Gran Gala brand to Sazerac", "Sazerac plans US$1 million expansion at Lewiston plant", "Sazerac acquires Michael Collins Irish whiskey", "Van Gogh Imports Joins Sazerac Co., Changes Name To 375 Park Avenue Spirits", "Brown-Forman finalises Southern Comfort sale", "Sazerac Ceo Confirms Hi-Spirits Acquisition", "Irish Distillers finalizes Paddy sale to Sazerac", "The Sazerac Company has acquired The Last Drop Distillers Limited, a British family-run spirits bottler, for an undisclosed sum", "Sazerac acquires South Trade International", "Diageo sells portfolio of brands to Sazerac", "Diageo to sell 19 brands to U.S.-based Sazerac for $550 million", "Brown-Forman sells Early Times and Canadian Mist to Sazerac", "Liquor Of Legend: The Distillery Behind Buffalo Trace Bourbon, Blanton's--And Pappy Van Winkle", "Sazerac is to begin distribution of Big House Bourbon, Concannon Irish Whiskey and Piedra Azul Tequila following a licensing agreement with The Wine Group", "Sazerac to expand Saint-Vivant Armagnac in US", "Sazerac Partners with Arcus Gruppen for U.S. Imports", "Sazerac signs Canada-wide distribution agreement", "Sazerac buys stake in cocktail bitters company", "Dictador Rum Appoints 375 Park Avenue Spirits as U.S. Importer", "The Sazerac Company Invests in John Distilleries", "Effen vodka to get profile boost with Fortune Brands as owner", https://en.wikipedia.org/w/index.php?title=Sazerac_Company&oldid=978769433, CS1 maint: BOT: original-url status unknown, Creative Commons Attribution-ShareAlike License, In 2002, Sazerac entered an agreement with the Van Winkle family to produce its, In 2014, Sazerac entered into a licensing and distribution agreement with, In 2015, Sazerac entered an agreement with, In 2016, Sazerac entered into an agreement with.
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