Brown-Forman to purchase Diplomático Rum brand

Brown-Forman Corporation has announced that it has reached an agreement to purchase the Diplomático Rum brand and related assets from Destillers United Group S.L. (Spain). Upon completion of the transaction, Brown-Forman will add the Diplomático Rum family of brands to its portfolio and acquire a production facility located in Panama.

Destillers United Group S.L. will continue to produce and age the unique, carefully-crafted, and complex Diplomático Rum in their original distillery, located at the foot of the Andes mountain range. Diplomático Rum is sold in more than 100 countries and its top markets include France, Germany, and the United States.

Diplomático Rum consists of three ranges of complex rums. The Traditional Range includes Planas, Mantuano, Reserva Exclusiva, and Selección de Familia. The Prestige Range includes Single Vintage and Diplomático Ambassador, both aged 12 years and finished in Spanish sherry casks. The Distillery Collection also includes a range of three limited production bottlings that showcase the distillery's unique distillation methods.

The transaction, which is subject to customary closing conditions, is expected to close within 90 days.