Castle Brands Purchases $4.2 Million of Bourbon for Jefferson’s Bourbon Inventory
Castle Brands has announced the purchase of an additional $4.2 million of aging and new-fill bourbon to support its flagship bourbon brand, Jefferson’s Bourbon. The company did not disclose the number of barrels purchased but they did say this brings the total purchases, or agreed to 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, said, “The continued investment in our aging bourbon inventory demonstrates our commitment to the Jefferson’s brand. Jefferson’s is one of the top five 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. 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.”
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The Jefferson’s Bourbon lineup includes 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. Additional Castle Brands includes 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.