By Christian Moess Laursen
Artisanal Spirits has recently acquired Single Cask Nation, a renowned seller of rare single-cask and limited edition whiskies and spirits. The deal, made for an undisclosed up-front payment, aims to bolster Artisanal Spirits' presence in the U.S. and take advantage of the growing American whiskey market.
With a global customer base of over 10,000 individuals, Single Cask Nation has established itself as a key player in the whiskey industry, with the U.S. being its largest market. The founders, Jason Johnstone-Yellin and Joshua Hatton, will continue to lead the business from within the United States, ensuring a seamless transition.
In addition to the initial payment, the acquisition agreement also includes a potential additional $500,000 dependent on the company's performance in the years 2024 and 2025.
Artisanal Spirits remains confident about its full-year results for 2023, ensuring they are on track with previous guidance. Despite experiencing a weaker performance in China during the fourth quarter and lower-than-expected sales of its 50th anniversary program, the company is optimistic about its overall performance.
