Mount Gay Distilleries Purchases the Assets of the Interim Investment Company Ltd.

Mount Gay Distilleries Limited has purchased the Assets of the Interim Investment Company Ltd. (formerly the Rum Refinery of Mount Gay), with the transfer of ownership effective May 30th, 2014.

This follows the successful completion of negotiations between Mount Gay Distilleries Limited (MGDL) and the Directors of the Interim Investment Company Ltd.

According to Managing Director of MGDL, Raphael Grisoni "We are pleased to convert this long standing supply relationship with our partner and to continue the legacy created at the Mount Gay, St. Lucy estate. There will be significant renovations to preserve and enhance the rich heritage of the Distillery".

According to Managing Director of MGDL, Raphael GrisoniWe are pleased to convert this long standing supply relationship with our partner and to continue the legacy created at the Mount Gay, St. Lucy estate. There will be significant renovations to preserve and enhance the rich heritage of the Distillery“.

“This acquisition augurs well for the enhancement of Mount Gay‘s continuing production through the advantages to be gained from vertical integration.” said Grisoni.

The Managing Director added that the Company will be investing heavily in Distillery upgrades which will provide employment opportunities, both during the redevelopment process and upon reopening.

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