Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Deerfield-based Beam sold for $16 billion [Jim Beam, Maker's Mark]
AP via Chicago Sun-Times ^ | Jan. 13, 2014

Posted on 01/13/2014 9:30:20 AM PST by 1rudeboy

DEERFIELD — Beam, the maker of Jim Beam and Marker’s Mark alcohol brands, has agreed to be acquired by Japan’s Suntory Holdings Ltd. for approximately $13.62 billion.

Shares of the spirits maker jumped in Monday premarket trading.

Suntory has a portfolio of spirits, with whiskies including Yamazaki and Hakushu as well as Midori liqueur and other beverages. It already distributes Beam’s products in Japan. Beam distributes Suntory’s products in Singapore and other Asian markets.

Suntory President and Chairman Nobutada Saji said in a statement that the acquisition will help Suntory further its global growth.

The combined company is expected to have annual sales of spirits products of more than $4.3 billion.

(Excerpt) Read more at suntimes.com ...


TOPICS: Business/Economy; Japan; News/Current Events
KEYWORDS:
Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100101-105 next last
To: 1rudeboy

Federal Standards for Identity require that the limit on true US Boubon not exceed 80 Proof.


61 posted on 01/13/2014 10:33:48 AM PST by KC Burke (Officially since Memorial Day they are the Gimmie-crat Party.ha)
[ Post Reply | Private Reply | To 22 | View Replies]

To: WayneS
Oh, and my wife really likes their American Honey liqueur...
62 posted on 01/13/2014 10:34:29 AM PST by WayneS (Respect the 2nd Amendment; Repeal the 16th (and 17th))
[ Post Reply | Private Reply | To 52 | View Replies]

To: ken5050

Wild Turkey is a good bourbon. The proliferation of new brands and special editions though now offers numerous choices that are often superior to their main label counterparts and to long-established brands.


63 posted on 01/13/2014 10:35:35 AM PST by Rockingham
[ Post Reply | Private Reply | To 47 | View Replies]

To: cuban leaf
And this is why they did that “reduced alcohol” publicity stunt last year.

I thought that was Jack Daniels.

64 posted on 01/13/2014 10:35:43 AM PST by Drew68
[ Post Reply | Private Reply | To 16 | View Replies]

To: MHGinTN

Yup, that’s a thoroughbred. My last girlfriend was an ass.


65 posted on 01/13/2014 10:36:16 AM PST by 1rudeboy
[ Post Reply | Private Reply | To 60 | View Replies]

To: KC Burke
Maximum of 80 proof? No way. That is not correct.

The following definition comes straight from those standards:

(1)(i) “Bourbon whisky”, “rye whisky”, “wheat whisky”, “malt whisky”, or “rye malt whisky” is whisky produced at not exceeding 160° proof from a fermented mash of not less than 51 percent corn, rye, wheat, malted barley, or malted rye grain, respectively, and stored at not more than 125° proof in charred new oak containers; and also includes mixtures of such whiskies of the same type.

66 posted on 01/13/2014 10:37:41 AM PST by WayneS (Respect the 2nd Amendment; Repeal the 16th (and 17th))
[ Post Reply | Private Reply | To 61 | View Replies]

To: KC Burke

I guess I should add that, yes, yes, I know Jack is “Tennessee Whiskey” and not technically a Kentucky “Bourbon” but there are lots of states where Bourbon is made and Tenn Whiskey is only made in Tennessee -— I know you guys in those two states are very sensitive about all these distictions.


67 posted on 01/13/2014 10:37:45 AM PST by KC Burke (Officially since Memorial Day they are the Gimmie-crat Party.ha)
[ Post Reply | Private Reply | To 61 | View Replies]

To: WayneS

Wayne, I think it is limited to 80% (160 proof)so I guess I don’t know why Jack is only 80 proof.


68 posted on 01/13/2014 10:39:46 AM PST by KC Burke (Officially since Memorial Day they are the Gimmie-crat Party.ha)
[ Post Reply | Private Reply | To 66 | View Replies]

To: KC Burke
Actually 80 proof is the MINIMUM alcohol content for a whiskey (of which bourbon is a sub-set), not the maximum.

Again, form the Federal Standards:

(b) Class 2; whisky. “Whisky” is an alcoholic distillate from a fermented mash of grain produced at less than 190° proof in such manner that the distillate possesses the taste, aroma, and characteristics generally attributed to whisky, stored in oak containers (except that corn whisky need not be so stored), and bottled at not less than 80° proof, and also includes mixtures of such distillates for which no specific standards of identity are prescribed. (emphasis mine)

69 posted on 01/13/2014 10:43:36 AM PST by WayneS (Respect the 2nd Amendment; Repeal the 16th (and 17th))
[ Post Reply | Private Reply | To 68 | View Replies]

To: WayneS

Many thanks...I commend you for the in-depth research..


70 posted on 01/13/2014 10:47:41 AM PST by ken5050 (This space available cheap...)
[ Post Reply | Private Reply | To 52 | View Replies]

To: ken5050

You’re welcome. It’s a sacrifice I am happy to make for my fellow man!

;-)


71 posted on 01/13/2014 10:52:14 AM PST by WayneS (Respect the 2nd Amendment; Repeal the 16th (and 17th))
[ Post Reply | Private Reply | To 70 | View Replies]

To: 1rudeboy

This is both good and bad, meaning it works out for the beam distillery and their employees in the short term, but will eventually mean that jim beam will be relocated to china in the future. Even the Japanese know how to outsource and exploit a brand name for profit. You could bottle varnish and slap a jim beam label on it, and people would buy it solely for the label.


72 posted on 01/13/2014 10:56:19 AM PST by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

LOL


73 posted on 01/13/2014 10:56:53 AM PST by NonValueAdded (It's not the penalty, it's the lack of coverage on 1 Jan. Think about it.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: factoryrat
You could bottle varnish and slap a jim beam label on it, and people would buy it solely for the label.

This is one of those occasions where you should speak for yourself, versus a couple hundred million consumers.

74 posted on 01/13/2014 11:00:31 AM PST by 1rudeboy
[ Post Reply | Private Reply | To 72 | View Replies]

To: KevinB
Modern Drunkard Magazine, are you Series? Gift subscriptions!!! I might get my Christmas shopping done real early this year.
75 posted on 01/13/2014 11:03:51 AM PST by NonValueAdded (It's not the penalty, it's the lack of coverage on 1 Jan. Think about it.)
[ Post Reply | Private Reply | To 56 | View Replies]

To: Mr Ramsbotham
“I had some neat a few weeks ago, and I must say, it's given me a much better opinion of Bourbon. Scotch, however, is still my favorite”

My Dad is kinda a Scotch connoisseur. He and I have been drinking a glass pretty much every evening before dinner for the last 7 years or so. Go through about a fifth a week. Tried ever type and brand available here (Alabama) as well as many that aren't available here(Bama’s got some stupid ABC laws).

Couple of weeks ago came home to find that the bottle was empty!(Oh NOOOO!!). Had a bottle of George Dickel available so poured him a glass of that. And he's been drinking that for the past two weeks. On the rocks. Bought a 2nd bottle. Dickel “classic recipe”. He likes that even better. Gonna try the 12y.o. next.

I prefer Tennessee whiskey over bourbon but I flat out hate Jack Daniel.

76 posted on 01/13/2014 11:06:39 AM PST by saleman
[ Post Reply | Private Reply | To 11 | View Replies]

To: Drew68

Nope. It was Makers Mark. The tour guide and I were joking about it when I was bringing some out of state friends through.


77 posted on 01/13/2014 11:14:02 AM PST by cuban leaf
[ Post Reply | Private Reply | To 64 | View Replies]

To: 1rudeboy

Wow! I didn’t know there was that much money in liquor.


78 posted on 01/13/2014 11:18:38 AM PST by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
[ Post Reply | Private Reply | To 1 | View Replies]

To: St_Thomas_Aquinas

I think Diageo’s market cap is somewhere close to $100 billion.


79 posted on 01/13/2014 11:23:06 AM PST by 1rudeboy
[ Post Reply | Private Reply | To 78 | View Replies]

To: NonValueAdded

Modern Drunkard is a hoot, but it doesn’t update its website very often.


80 posted on 01/13/2014 11:24:06 AM PST by 1rudeboy
[ Post Reply | Private Reply | To 75 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100101-105 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson