The Old Bushmills distillery in Northern Ireland is the world's oldest licensed whiskey producer, granted a license to distill whisky in 1608. The modern iteration of the distillery was built in 1885, following a fire. Old Bushmills was bought by the Irish Distillers group in 1971, giving them a full monopoly on the production of whiskey on the island, lasting until 1987 when Cooley was opened by the Teeling family. Diageo later bought the site in 2005, before trading it 9 years later with Casa Cuervo in exchange for a stake in one of their Tequila brands.