By the Caribbean Journal staff
Global rum giant Bacardi has expanded its rum portfolio with the acquisition of Banks Rum, the company announced.
Banks, which is based in Switzerland, is the creation of master blender Arnaud de Trabuc, the former CEO of Angostura Group and president of cognac producer Thomas Hine and Company.
The seven-year-old company sells around 6,000 cases annually of its Banks 5-Island Rum, Banks 7 Golden Age Blend and other editions.
It includes blends of rums from Trinidad, Jamaica, Guyana, Barbados, Panama, Guatemala and Java aged in previously-used bourbon barrels.
Terms of the deal were not disclosed.