For those unacquainted, Forty Creek Distillery Ltd. is a growing enterprise based in Grimsby, Ontario, producing (amongst other products) Forty Creek Whisky — one of the finest rye whiskies on the market and a growing brand worldwide. Founded in 1992 by John Hall, Forty Creek has gone on to win numerous accolades at spirits competitions and from trade publications around the world with expressions like its Barrel Select, Copper Pot Reserve and Confederation Oak.
Little wonder then, that Forty Creek sold over CAN $34 million in product last year and is expected to near $40 million this year. Based on those earnings, Gruppo Campari has purchased the distillery in its entirety for $185.6 million, to be paid entirely in cash. Founding distiller John Hall will remain chairman and whisky maker once the transaction is completed on June 2, ensuring a smooth transition in ownership and a consistency of quality.