Bacardi acquires all assets of Stillhouse Spirits in US. Credit: Stillhouse Spirits Co.

Global spirits company Bacardi has acquired all assets of US-based alcoholic beverage maker Stillhouse Spirits for an undisclosed sum.

Established in 2016 by entrepreneur Brad Beckerman, Stillhouse Spirits has been offering American-made spirits portfolio in unbreakable 100% stainless steel cans.

Stillhouse offers a whiskey portfolio with 34.5% alcohol by volume (ABV) in flavours such as Apple Crisp, Peach Tea, Coconut, Mint Chip and Red Hot whiskeys.

In 2014, Bacardi made an initial investment in Stillhouse Spirits and also supported the company through funding after the investment.

Bacardi said in a statement: “We are pleased to have come to a mutual agreement as we have always admired the Stillhouse brand for its innovation, disruption of categories and marketing ingenuity.

“We believe in the brand’s growth potential and are excited to continue the pioneering vision that the Founder set for Stillhouse.”

With the completion of the acquisition, Stillhouse now will be part of Bacardi portfolio headed by Bacardi North America president Pete Carr.

Stillhouse Spirits Founder and CEO Beckerman will leave the business to pursue new opportunities.

In March, Beckerman filed a lawsuit in Delaware Court against Bacardi and others for $100m for extortion, fraud, financial malfeasance and more.

Bacardi said: “Beckerman has dismissed a prior lawsuit he brought against Bacardi and other parties, and no payment, settlement or concession of any kind was made by Bacardi or any other party.

“The acquisition was consummated on the same terms proposed by Bacardi prior to the commencement of the litigation.”