Pernod Ricard has sold its Glenallachie Distillery in Scotland to a consortium of whisky industry veterans.
The transaction, which has been carried out through Pernod’s subsidiary Chivas Brothers, sees The Glenallachie Consortium take control of the Glenallachie single malt brand, MacNair’s and White Heather blended whiskies. The deal is expected to be completed by the end of the year.
In a statement Pernod said the sale is in line with its strategy ‘to focus on its priority spirits and wines brands and to adjust its industrial footprint to its needs’.
Billy Walker, the former managing director of distillery company BenRiach, forms part of the consortium. Walker led BenRiach through substantial growth before it was sold to Jack Daniel’s owner Brown-Forman for £285m last year.
The Glenallachie Consortium said its mission is to be a wholly Scottish-owned, independent whisky company ‘producing excellent whiskies and offering them to the market at premium but affordable prices’.
© FoodBev Media Ltd 2020
World Beverage Innovation Awards – NOW OPEN FOR ENTRIES!
The awards celebrate excellence and innovation across the global beverage industry.
Don’t miss out on having your innovations recognised on a global scale.
Early bird deadline 11 June – enter now!