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Suntory Global Spirits, formerly known as Beam Suntory, Inc., is the American company operating as an independent subsidiary of the multinational Privately held beverage company Suntory. [2] The company produces alcoholic beverages .
On January 13, 2014, Suntory (headquartered in Osaka, Japan) announced it would buy Beam Inc. for about $13.6 billion. [5] The acquisition was completed on April 30, 2014, for about $16 billion and Beam became a subsidiary of Suntory named Beam Suntory, Suntory Global Spirits since 2024 .
In 2014 Beam Inc. was purchased by Suntory Holdings Ltd., a Japanese food and beverage group. [7] The combined company was known as Beam Suntory until May 2024, when it was re-branded as Suntory Global Spirits. [8] On August 4, 2003, a fire destroyed a Jim Beam aging warehouse in Bardstown, Kentucky.
Beam Suntory CEO Albert Baladi joins Yahoo Finance Live to discuss the demand for tequila, market uncertainty, consumer spending and trends, supply chain woes, and the outlook for acquisitions and ...
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Tequila demand ‘is absolutely on fire,’ Beam Suntory CEO says. Tanya Kaushal. October 8, 2022 at 8:15 AM.
In June 2009, Sazerac acquired The Old Taylor Bourbon label and barrel inventory from Beam Global Spirits & Wine, now known as Suntory Global Spirits [24] In June 2009, Sazerac sold Effen Vodka to Fortune Brands. After a restructuring of Fortune Brands and an acquisition by Suntory, Effen has since become a Beam Suntory brand. [25]
In April 2014, Suntory bought Beam Inc. for about $16 billion, and renamed the unit Beam Suntory. In May 2024, Beam Suntory was re-branded as Suntory Global Spirits. Suntory Beverage & Food Ltd trades on the Tokyo Stock Exchange (2587). Sauza tequila products are still distilled at La Perseverancia (NOM: 1102).