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)

Related News

September 21, 2020

Alpro announces 30m euro investment and new sustainability goals

Food & Drink

Alpro has unveiled a new five-year health and sustainability action plan, as well as plans to invest €30m in two of its production sites. The objectives laid out by the company, […]

September 18, 2020

Cargill to advance regenerative agriculture practices across 10m acres of farmland

Food & Drink

Cargill has announced that it is supporting farmer-led efforts to adopt regenerative agriculture practices on 10 million acres of crop land in North America by 2030. The initiative will focus primarily […]

September 17, 2020

PepsiCo pilots invisible digital watermark technology to boost recycling

Food & Drink

PepsiCo is trialling products encoded with invisible digital watermarks for more effective recycling. The technology is pegged as the “holy grail” that will make mechanical sorting more efficient. The beverage […]