We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Sasko Lazarov/Photocall Ireland
Teeling Whiskey

'Too good not to take': Teeling Whiskey has sold a stake to drinks giant Bacardi

The white rum maker will import and distribute the Dublin firm’s range in the US.

DUBLIN-BASED TEELING Whiskey Company has sold a minority stake to spirits behemoth Bacardi.

As part of the deal, Teeling’s suite of whiskies will be imported through the white rum maker into the US, where the Irish company has had a presence since 2014.

The existing owners will continue to run the Irish business and the company will remain independent from Bacardi. The deal was worth just under €5 million, according to a filing in the Companies Registration Office.

The Irish whiskies will be distributed in select states by the transatlantic spirits arm of Southern Glazer’s Wine & Spirits, which handles Bacardi’s portfolio of brands in the States.

Jack Teeling, founder and managing director of Teeling Whiskey Company, said the decision to partner with Bacardi was “too good not to take”.

“Joining forces with a partner of this calibre in the largest market for Irish whiskey is an important strategic development for us and is testament to what Teeling Whiskey has achieved over the past five years,” he said.

Distillery upgrade

Founded in 2012, Newmarket Square-based Teeling Whiskey Company currently exports to more than 50 markets worldwide. It is co-owned by brothers Jack and Stephen Teeling.

Their father, John Teeling, set up the Cooley distillery in Louth in 1987, building up the company before selling it to US spirits manufacturer Beam in late 2011 for about €71 million.

33760246466_8c7f5d3ceb_o Teeling Whiskey Distillery Flickr / William Murphy Flickr / William Murphy / William Murphy

Teeling Whiskey’s €10 million distillery opened its doors in June 2015, the first new project of its kind in the capital for over 125 years.

The Dublin 8 distillery has since become a popular tourist attraction. The company recently announced that it was putting €500,000 into expanding the facility.

The company employs 80 staff between its distillery and visitor centre, including those who work on a part-time basis.

According to its most recent set of accounts, Teeling Whiskey Company reported a profit of almost €3 million in the financial year ended 31 December 2015, pushing accumulated profits to €4.4 million.

Sign up to our newsletter to receive a regular digest of Fora’s top articles delivered to your inbox.

Written by Conor McMahon and posted on