Japanese beverage giant Kirin Holdings Company announced Thursday it has agreed to sell Four Roses bourbon distillery to California-based E. & J. Gallo Winery for up to $775 million.
The sale includes all membership interests in Four Roses Distillery, LLC, which has operated in Lawrenceburg, Kentucky since 1888. Kirin acquired the bourbon maker in 2002.
“Since our acquisition of Four Roses in 2002, the business has achieved strong growth, primarily in the U.S. market, and contributed to the growth of Kirin’s enterprise value,” the company said in a statement…