Bacardi moves into bourbon market

The spirits company Bacardi Limited, best known for its varieties of rum, is moving into the bourbon market by purchasing whiskey maker Angel’s Share Brands of Louisville, Kentucky.

Angel’s Share Brands is best known for its flagship label Angel’s Envy Port Finished Bourbon.

“Bacardi has a long history of successful acquisitions of cutting-edge brands,” said Barry Kabalkin, vice chairman of Bermuda-based Bacardi, in a statement.

The family-owned liquor maker controls more than 200 brands, including Bacardi rum, Grey Goose vodka, Dewar’s blended Scotch whisky, Bombay Sapphire gin and Martini vermouth.

It recently moved its U.S. headquarters from downtown Miami to Coral Gables. Terms of the deal were not disclosed.

This story was originally published April 2, 2015 at 2:33 PM with the headline "Bacardi moves into bourbon market."