Toasting a real success story
Published 17/12/2011 | 06:58
When serial entrepreneur and business academic Dr John Teeling first announced plans to establish a new Irish whiskey distillery on the site of a converted potato alcohol plant in Co Louth, most of us harboured serious doubts about the project's viability.
Twenty-four years later, with the announcement that American spirits firm Beam has agreed to pay €71m for Cooley Distillery, the teetotal Dr Teeling has had the last laugh.
Yesterday's deal was the fruit of almost a quarter of a century of hard work on the part of Dr Teeling and the Cooley staff. They created a thriving business from nothing but their imaginations and determination to succeed.