Brown‐Forman Completes Acquisition of Diplomático Rum Brand

Brown‐Forman Corporation (NYSE:BFA,BFB) announced that it has completed its acquisition of the Diplomático Rum brand and related assets from Destillers United Group S.L. (Spain). The company announced its agreement to purchase the brand in October 2022, giving Brown‐Forman an entry into the growing super-premium+ rum category.

“Brown‐Forman’s super-premium portfolio continues growing to meet the preferences of global spirits consumers,” said Lawson Whiting, President and CEO, Brown‐Forman. “Today, we’re pleased to officially welcome more than 100 new employees to Brown‐Forman as we close on our acquisition of the Diplomático Rum family of brands, and add the No. 1 super-premium and ultra-premium rum to our portfolio.”

As part of the acquisition, Brown‐Forman added an aging, bottling, and shipping production facility located in Panama to the company. Destillers United Group S.L. will continue to produce and age the unique, carefully-crafted, and complex Diplomático Rum in their original distillery at the foot of the Andes mountains.