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

April 10, 2021

Crown agrees to sell its EMEA food packaging unit in €2.25bn deal

Food & Drink

Crown’s European Tinplate business is one of the largest manufacturers of steel and aluminium food packaging in Europe, operating 44 manufacturing facilities in 17 countries across Europe, the Middle East and Africa.

April 10, 2021

Nestlé opens new plant-based food production site in Malaysia

Food & Drink

The facility, which marks the first in ASEAN and second in Asia, will cater to the rising local demand for plant-based food, as well as exports. It joins the company’s plant-based food facility in Tianjin, China.

April 10, 2021

DSM invests $100m in launch of personalised nutrition company

Food & Drink

The newly-formed company seeks to disrupt the nutritional marketplace by creating brands that target various health conditions.

Send this to a friend