Tanduay traces its corporate origin to 1854 as a distillery in Hagonoy, Bulacan that was originally owned by Elias Menchatorre Y Cia. In 1860, the distillery was acquired by Ynchausti Y Cia, a partnership owned by Joaquin Elizalde, Juan Bautista Yrissary and Joaquin Ynchausti, that was later renamed Elizalde & Company, Inc. in 1935 when the Elizaldes bought the shares of Ynchausti. This small distillery was transformed by four successive generations of the Elizaldes into the modern Tanduay Distillery and the largest producer of rhum in the Philippines.