Tanduay Distillers

In 1934 and 1935, Elizalde & Company, a new company established by the grandchildren of Joaquín Marcelino Elizalde e Yrisarry (one of the original minority partners of Ynchausti y Compañia) acquired some of the major business assets of Ynchausti & Compañia, including the Tanduay distillery,[3] when Manuel de Ynchausti made the decision to divest key assets of Ynchausti y Compañia. Under the ownership of the Elizalde group, the Tanduay distillery operated under the corporate name Tanduay Distillery, Inc. and became a successful enterprise, producing quality rum and other distilled spirits for both domestic and international markets.

On May 18, 1988, Twin Ace Holdings Corporation, a company owned by Lucio Tan, acquired the Tanduay brand and related assets of Tanduay Distillery, Inc. from Elizalde & Company, Inc. The new management launched a plant modernization and expansion program that increased the distillery's production capacity by almost 50 times. On July 30, 1999 Twin Ace Holdings changed its corporate name to Tanduay Distillers, Inc. Aside from rum, Tanduay Distillers, Inc. also produces gin, vodka, brandy, and whiskey.[4]

Subsidiaries:[5]

• Asian Alcohol Corporation
• Absolut Distillers, Inc. (formerly, Absolut Chemicals, Inc.)

On July 8, 1999, Asian Pacific Equity Corporation (PSE: APEC), a company also owned and controlled by Lucio Tan, acquired 100% ownership of Twin Ace Holdings Corporation via a share swap with Twin Ace's existing shareholders. On November 10, 1999, APEC changed its corporate name to Tanduay Holdings, Inc. (PSE: TDY) and increased authorized capital from 1 billion pesos to 5 billion pesos at a par value of 1.00 peso per share. In October 2012, Tanduay Holdings, Inc. was renamed LT Group, Inc. (PSE: LTG).[6]

The Tanduay coat of arms has appeared in the label of Tanduay branded products since the time of Tanduay Distillery, Inc. (predecessor of the current company, Tanduay Distillers, Inc.). It features two escutcheons (shields). The left shield is based on the escutcheon of the Ynchausti family crest, the original owners of the Tanduay distillery.

The original Tanduay distillery located at Calle Tanduay (now, J. Nepomuceno Street) in Quiapo, Manila has been Tanduay's prime production facility until it was decommissioned in April 2013. Tanduay Distillers, Inc. announced that production will be relocated to a larger facility located in Cabuyao, Laguna, capable of producing 100,000 cases a day. The original distillery's production capacity was at 30,000 cases a day. Portions of the original distillery will be converted into a museum to showcase the history and heritage of Tanduay. The distillery may be reopened in the future, if needed, to serve as backup production facility.[7]

The original Tanduay distillery adopted its name from its original location on Isla de Tanduay, a triangular area of Manila bounded by the esteros (estuaries) of San Miguel and San Sebastian. "Tanduay" comes from the word "tangwáy", the Tagalog term for "peninsula" that also meant "low-lying land". This was because the entire area, including nearby Quiapo, was frequently flooded during the rainy season. In Cebuano, "tanguay" meant a place where tubâ (palm wine) is bought and sold.