In the 1840s, the Aguiar family began producing rum which was then sold in its shops. The company expanded in 1885 to include the production of cocoa, chocolate and a transport company. In 1934, Peter d’Aguiar refocused activity on the production of rum and modernised the distillery. The move was a great success and in 1954 XM became one of the great brands of demerara-style rum. Today, Banks DIH Limited products are known internationally for their high quality, thanks to the work of its master blender who has successfully managed to preserve their typical deep and fruity character.