Mosaiq Inc. Acquires Lemon Hart Rum from Pernod Ricard
This purchase solidifies our strategic vision to expand our National presence within select categories, through acquisition and agency representation", said Pierre Thériault, Executive Vice President, Mosaiq Inc.
19 Feb 2010 --- Mosaiq Inc. announced that it has acquired the global rights to the Lemon Hart Rum brand from Pernod Ricard. Financial details of the transaction were not disclosed. Marketing and sales transition of the brand to Mosaiq has been completed while production transition will be completed by the end of June 2010.
Established in 1804, the Lemon Hart brand has a rich heritage in the global rum category. In the late 18th century, Mr. Lemon Hart became the first supplier of rum to the British Royal Navy. In 1804, he moved his business from his small merchants premises in Cornwall, England to London and soon casks of the finest rums were brought across the high seas from the Caribbean, to be blended into a rare and magnificent product which today, over two centuries later, remains a drink to be savoured. In Canada, the Lemon Hart brand has long been the favorite choice of discerning imported dark rum consumers.
The acquisition of Lemon Hart lifts Mosaiq to number one in the Imported Dark Rum segment in Canada with a 41% share of market. "We are very excited about adding a premium brand like Lemon Hart to the Mosaiq owned-brands portfolio. This purchase solidifies our strategic vision to expand our National presence within select categories, through acquisition and agency representation", said Pierre Thériault, Executive Vice President, Mosaiq Inc.
