Glenfiddich owner buys Drambuie - UK
Fin24 - Sep 10th 2014, 13:27
London - William Grant & Sons, 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 its owners, the MacKinnon family, put up honey, whose history goes back to 1745, for sale earlier this year.
Earlier press reports said the sale of Drambuie was expected to be in the area of £100m, but a William Grant spokesperson declined to comment on the price.
This is the latest in a string of spirits deals this year, including the sale of United Spirits' Whyte & Mackay to Emperador, Campari's purchases of Fratelli Averna and Forty Creek and the sale of Loch Lomond Distillery to Exponent Private Equity.
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