Neptune Rum sells 50% stake
11th February, 2021 by Nicola Carruthers
Spirits producer Babco UK has purchased a 50% stake in Neptune Rum in a bid to establish the brand globally.
Neptune Rum plans to release five new products in 2021
Launched in 2017, Neptune Rum is made with pot and column still rums, and aged in American Bourbon oak casks. The brand has grown by 384% to date, the company said.
James Strickland, CEO of Neptune Rum, said: “We are excited by Babco UK’s investment in Neptune Rum. We are so passionate about quality, sustainability and supporting ocean clean-up initiatives, which is something Babco shares.