Sector News

Glenfiddich owner William Grant buys Drambuie

September 9, 2014
Food & Drink
(Reuters) – William Grant & Sons Ltd, the UK-based maker of Glenfiddich whisky and Hendrick’s Gin, has acquired Drambuie for an undisclosed price, the company said on Monday.
 
Drambuie, a blend of Scotch whisky, spices and honey whose history goes back to 1745, was put up for sale earlier this year by its owners, the MacKinnon family.
 
Earlier press reports said the sale of Drambuie was expected to be in the area of 100 million pounds ($161.18 million), but a William Grant spokesman declined to comment on the price.
 
This is the latest in a string of spirits deals this year, including the sale of United Spirits’ (UNSP.NS) Whyte & Mackay to Emperador (EMP.PS), Campari’s (CPRI.MI) purchases of Fratelli Averna and Forty Creek and the sale of Loch Lomond Distillery to Exponent Private Equity.
 
($1 = 0.6204 British Pounds)
 
(Reporting by Martinne Geller in London, editing by Louise Heavens)

comments closed

Related News

May 21, 2022

Cécile Béliot becomes Bel Group CEO

Food & Drink

Cécile Béliot has assumed the role of Bel Group chief executive officer, following the decision to separate the roles of chairman and CEO. The separation of the functions will enable Bel Group to develop in three areas of healthy snacking. Meanwhile, the company’s former CEO, Antoine Fiévet, has had his mandate renewed as chairman of the board.

May 21, 2022

“Corporate greed and dereliction of duty”: FDA commissioner slammed over infant formula shortage

Food & Drink

US Food and Drug Administration (FDA) Commissioner Dr. Robert Califf was grilled by lawmakers during a House Appropriations subcommittee hearing, where he was slammed over the agency’s handling of the escalating infant formula shortage.

May 21, 2022

Sweegen hails antioxidants and bitter blocking tech a turning point for sugar reduction and healthy aging

Food & Drink

Sweegen is ramping up its efforts to reduce sugar across F&B applications while simultaneously tapping into the benefits of using antioxidants and bitter blocking technology. Speaking to FoodIngredientsFirst, Casey McCormick, vice president of global innovation at Sweegen, says product developers can find a broad range of solutions in Sweegen’s nature-based sweetener systems as brands elevate better-for-you foods.