By Pietro Lombardi

Pernod Ricard SA (RI.FR) has agreed to buy a majority stake in Kentucky-based Rabbit Hole Whiskey, it said Friday.

The company didn't disclose financial details of the deal, which is expected to close shortly.

"With this strategic partnership, Pernod Ricard expands its newly created portfolio of specialty brands, gathering smaller brands with unique and comprehensive value propositions and select distribution," it said.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

June 14, 2019 02:51 ET (06:51 GMT)

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