Diageo acquires Balcones Distilling Diageo acquires Balcones Distilling, one of the leading Texas Distilleries known for their American Single Malt. With expressions such as Texas Single Malt, Lineage Single Malt, and Baby Blue Corn Whiskey, Balcones brings Diageo a long-lived heritage of Texas Whiskey and increases its portfolio, which already consists of well-known brands such as Johnny Walker, Bulleit, and Guinness. You’ll be able to read more about this recent acquisition here.