Beam Inc. buys Cooley Distillery: good or bad?
The news is out. Beam Inc. has purchased the Cooley Distillery in Ireland (makers of Tyrconnel, Kilbeggan, Connemara, Greenore, and a slew of private label whiskeys). Details here. Now, all the major Irish whiskey distilleries and brands are owned by companies located in foreign countries. (Diageo owns Bushmills, Pernod has Midleton, and William Grant owns Tullamore Dew.)
John Teeling, Cooley’s founder, was quoted saying that it will allow the brands “to reach their potential.”
What do you think? Is this good for Irish whiskey drinkers worldwide or not? And why?