Bacardi has announced the complete acquisition of the Telling Whiskey Company and Teeling Irish whiskey brand for an undisclosed amount.

The business has previously held a minor stake in the Dublin-based whiskey company since 2017, and increased its stake to become majority shareholder in 2022.

The founders of the brand, Jack and Stephen Teeling, will remain a part of the company as strategic advisors, where they will shape its future growth plans.

According to the business, since Bacardi first partnered with Teeling Whiskey Company the brand has more than doubled in size and grown its global presence.

The Irish whiskey brand is now exported to over 80 international markets.

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Mahesh Madhavan, chief executive officer, Bacardi Limited said: “Teeling is the perfect fit for Bacardi. The brand stands for quality, craftsmanship and a fearless approach to the category with fresh ideas and innovative new whiskeys.

“The hundreds of awards it’s received say everything about its success. There is so much long-term potential for the Irish whiskey category globally, and with Teeling we are perfectly positioned to take advantage of every opportunity.”

Teeling Whiskey was first founded in 2012 and has gained traction through creating handcrafted, small-batch Irish whiskeys.

Jack Teeling, co-founder of the Teeling Whiskey Company said: “Working closely with the Bacardi team over the last nine years has proven to us that as a family-owned company, Bacardi appreciates the value of everything the Teeling brand stands for and its commitment to raising the bar for Irish whiskey.”