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William Grant eyes up Cooley
The business section of the Sunday Times indictaes that William Grant is
actively seeking to acquire Cooley Distillery. William Grant, if you recall,
is the Scottish distiller that bought the Tullamore Dew brand last year, a
brand without a production facility of its own. Our hope, therefore, was
that they would build their own distillery in Ireland.
The article, however, has them sniffing around Cooley, a fact confirmed by
John Teeling, Cooley's founder. Teeling says they are "not encouraging" a
formal offer, and the discussions could yet end up in a joint venture or
supply agreement, rather than a takeover.
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