TORONTO, Nov. 1, 2011 /CNW/ - Corby Distilleries Limited ("Corby" or the "Company") (TSX:CDL.A) (TSX:CDL.B) announced today the closing of the previously disclosed transaction, after the market close on October 31, 2011, concerning the sale of certain owned-brands including De Kuyper Geneva gin, De Kuyper Peachtree schnapps, Red Tassel vodka and Silk Tassel Canadian whisky, as well as the shares of its subsidiary that owns the manufacturing and bottling facility in Montréal, Québec, to Sazerac Company, Inc. ("Sazerac") for a purchase price of $39.4 million, including the value of inventory on hand at closing.
About Corby
Corby's portfolio of owned-brands includes some of the most renowned
brands in Canada, including Wiser's Canadian whisky, Lamb's rum, Polar
Ice vodka and McGuinness liqueurs. Through its affiliation with Pernod
Ricard S.A., Corby also represents leading international brands such as
ABSOLUT vodka, Chivas Regal, The Glenlivet and Ballantine's Scotch
whiskies, Jameson Irish whiskey, Beefeater gin, Malibu rum, Kahlúa
liqueur, Mumm champagne, and Jacob's Creek, Wyndham Estate and
Graffigna wines. The existing Voting Class A Common Shares and
Non-voting Class B Common Shares of the Company are traded on the
Toronto Stock Exchange under the symbols CDL.A and CDL.B, respectively.
About Sazerac
Following its establishment in 1850, Sazerac has distilled an
ever-increasing line of fine spirits. Sazerac is an independent,
American family-owned company and the proud owner of many of America's
most venerable distilling companies: Buffalo Trace Distillery, A. Smith
Bowman, Glenmore Distillery, Barton, Fleischmann, Medley and Mr.
Boston.
For further information:
| CORBY DISTILLERIES LIMITED | SAZERAC COMPANY, INC. |
| Thierry Pourchet, Vice-President & CFO | Amy Preske, Public Relations Director |
| Tel.: 416-479-2400 | Tel.: 502-696-5957 |
| investors@corby.ca | apreske@sazerac.com |
| www.corby.ca | www.sazerac.com |
