Cobblestone Brands has purchased Knappogue Castle and Clontarf Irish whiskeys from Pernod Ricard-owned Irish Distillers.
The transaction is a major milestone for Cobblestone as it seeks to reinforce its position in the expanding Irish whiskey market. It also testifies to Cobblestone's dedication to investing in heritage brands in the spirits industry.
As per Coherent Market Insights, the Irish whiskey industry will develop a 7.3% CAGR over the forecast period of 2025-2032. Market size in 2025 is USD 5.47 Bn and is expected to increase by approximately USD 8.95 Bn in 2032. Market size is prompted by increased popularity among young consumers and penetration into new markets.
Irish Distillers CEO, Nodjame Fouad, said the divestment was part of the company's strategy to focus on its core portfolio of Irish whiskeys. He was positive about Cobblestone's potential to increase the market profile of Knappogue Castle and Clontarf.
Matheson brokered the sale of Clontarf and Knappogue Irish whiskey brands, and its advisory team, coordinated by Corporate M&A partners Sandie Lord and George Brady, comprised corporate associate Patrick Foley and trainee Killian Farrelly.
Lord underscored the importance of the sale: "We are pleased to have advised our long-time client on this sale. The sale of these iconic brands illustrates the appeal of the drinks industry, with the Irish Distillers brands again leading the global Irish whiskey renaissance."
Earlier in the month of July 2025, Pernod Ricard revealed the offloading of its Indian business of Imperial Blue. The divestment was one of the key plans to focus on premium offerings and improve profitability in major markets.
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