New York-based Castle Brands Inc. has purchased, or agreed to purchase, an additional $4.2 million of aging and new-fill bourbon. These additional purchases bring Castle Brands total purchases of aging and new-fill bourbon to $9.6 million for the current fiscal year.
John Glover, executive vice president and chief operating officer of Castle Brands, released the following statement about the acquisitions: "The continued investment in our aging bourbon inventory demonstrates our commitment to the Jefferson's brand. Jefferson's is one of the Top 5 selling premium, small-batch bourbons and the only leading small batch brand not owned by a major spirits company.
“Growing our barrel inventory through opportunistic purchases, combined with our two new-fill programs, allows us to accelerate the growth of our Jefferson's portfolio,” he continued. “We continue to build on the success of Jefferson's and Jefferson's Reserve through innovation and the introduction of new expressions, including the expansion of our wine finishes program and the launch of the next voyages of our Jefferson's Ocean Aged at Sea bourbon, including Cask Strength and a 'Wheated' Ocean."
The additions complement Castle Brands portfolio of premium and super-premium brands, which include Jefferson's, Jefferson's Presidential Select, Jefferson's Reserve, Jefferson's Ocean Aged at Sea Bourbon, Jefferson's Wine Finish Collection and Jefferson's Wood Experiments, Goslings Rums, Goslings Stormy Ginger Beer, Knappogue Castle Whiskey, Clontarf Irish Whiskey, Pallini Limoncello, Boru Vodka, Brady's Irish Cream, The Arran Malt Single Malt Scotch Whisky, The Robert Burns Scotch Whisky and Machrie Moor Scotch Whisky.