Dear Rum lovers,
We are informed that some dramatic changes of ownership are currently in progress in Orange Walk as Sir Thierry Waterford-Mandeville, KLJ., Chairman of the Waterford Mandeville Plantation & Distillery (Old Planteur Rum), has sold his stakes in the business to a consortium of buyers. We were given to understand that the buyers are mostly from Belize as well from the United States.
The Waterford Mandeville Plantation has been operating independently since 1885 nearby Yo Creek Village in Orange Walk District. However, the Waterford Mandeville family always considered Jamaica as their home land and were absentee landlords in Belize.
Sir Thierry told the Belize Rum Review that the company has been very careful in the buyer’s selection process as to ensure that the core value of the business as well the employment of all staff members would be protected to the greatest extent. Sir Thierry added that the possibility of selling the Belize’ part of the estate has been a recurring topic over the past generations as it was always a challenge to manage quite a considerable estate like the one in Orange Walk without being on site full time. The family has been grateful to all members of staff whom have been dutifully accomplishing their various missions to the highest satisfactory standard possible over the past 132 years.
While not much has been disclosed about the new owners, it is understood that they would continue the successful approach to the business, keeping the traditions alive as well investing over US$ 7 millions in the modernization of the infrastructure over the next two years. It is not clear if the Waterford Mandeville Estate would retain the ownership of the brand Old Planteur Rum, while leaving the operations to the consortium of investors. The consideration for the sale of the estate has not been disclosed either. However, the plantation would change its name to Old Planteur’ Estate.
The Belize Rum Review (October 18th, 2017).