Mount Gay Distilleries has purchased the 134ha plantation surrounding its distillery, in its home of St Lucy, Barbados.
This is the land where Sir John Gay Alleyne first created Mount Gay style rum, back in the 18th century.
It's now going to be used to produce a 'luxury "terroir" rum'.
Valérie Chapoulaud-Floquet, CEO of the Rémy Cointreau Group, which owns the Mount Gay brand, said: 'We saw this unique opportunity as a sign to pursue our goal to create a true luxury rum brand.
'Here in Barbados, we now gather together all the elements to foster the legacy of Mount Gay Distilleries: authenticity, history and terroir, with a single-estate rum, a genuine Barbados historical "château".
'This is just the start of another exciting adventure for Mount Gay Distilleries and Rémy Cointreau.'