However, Gruppo Campari will continue to distribute both brands in the international markets outside the US – though the United Stated represented 70% of sales in 2016.
Carolans and Irish Mist total net sales are €34 million, representing approximately 2% of last year’s sales.
The deal is worth $165 million.
Heaven Hill Brands is America’s largest independent family-owned distilled spirits company. Carolans is the second-largest selling Irish cream whiskey liqueur and Irish Mist Liqueur is a blend of Irish whiskey, honey and aromatic spices.