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

October 1, 2023

Paine Schwartz Partners closes $1.7 billion fund

Food & Drink

Paine Schwartz Partners has closed on a Paine Schwartz Food Chain Fund VI, L.P. at $1.7 billion. The fund is aimed at investing in the food and agribusiness value chain. The company has invested about 40% of Fund VI in AgroFresh Solutions, Costa Group, Elemental Enzymes, HGS BioScience and Monterey Mushrooms.

October 1, 2023

Vitafoods Europe to move to Barcelona from 2025

Food & Drink

After 26 years in Geneva, Switzerland, the decision to move has been made after visitor and exhibitor feedback, as well as growth plans for the Vitafoods brand. Vitafoods Europe 2025 will be held on 20-22 May 2025 at Fira Barcelona, with more details to be announced next year.

October 1, 2023

Low sugar, plant-based and locally flavored mooncakes shine as China celebrates Mid-Autumn Festival

Food & Drink

The traditional symbol of family reunion and cultural pastry of Asia is undergoing a reinvention. With the majority of young consumers in Asia expressing an increasing interest in healthier options, a growing market for mooncakes tailored to dietary preferences and restrictions is opening up across the globe.

How can we help you?

We're easy to reach