The sale, which was announced in January, sees the trademarks sold to the New Orleans privately held company for a final purchase price of $542.4m.
Brown-Forman CEO Paul Varga said the decision to sell the brands was a result of the company’s evolving portfolio strategy, and efforts to focus resources on its top strategic priorities.
Southern Comfort was acquired by Brown-Forman in 1979. Tuaca was acquired by Brown-Forman in two separate transactions, completed in 2002.
Sazerac’s portfolio includes bourbon, liqueurs, wine, vodka, tequila, rum and brandy.