The Artisanal Spirits Company plc (AIM:ART) acquired Assets and global operations of Single Cask Nation on January 3, 2024. The consideration is being structured by way of an upfront committed payment, with the potential for a larger earn out of up to $0.5 million payable dependent on future key performance criteria being met in 2024 and 2025. Consideration funded entirely from the Company's existing debt facilities. The acquisition is expected to be EPS accretive in the first full year of ownership. Jason Johnstone-Yellin and Joshua Hatton will remain with the company and continue to lead the business from their offices in the US and will be supported by whisky industry veteran Steve Hawley, current President of the American Single Malt Whiskey Commission and former VP Global Marketing for Westland Distillery in Seattle, who has also joined the ASC team to help grow and expand its business in the US. Edward Thomas of Liberum Capital Limited acted as financial advisor to ASN.

The Artisanal Spirits Company plc (AIM:ART) completed the acquisition of Assets and global operations of Single Cask Nation on January 3, 2024.