News Briefs for December 23, 2016December 23, 2016
•Sazerac Co. has acquired Domaine Breuil de Segonzac Cognac for an undisclosed sum. The sellers were Patrick and Maria Brillet, who have decided to retire. The purchase includes the distillery, organic vineyards, buildings including a chateau-style mansion dating from 1870 and an 18th-century restored farmhouse, visitor center and existing stock. The property is about 220 acres and includes its own grape pressing operation and distillery with four pot stills, two of which are antique. Sazerac says no operational changes are planned for the business. The acquisition boosts Sazerac’s presence in the booming Cognac category, which has expanded by more than 1 million cases in the U.S. over the past four years, according to Impact Databank.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.