UK. The Glenmorangie Company has signed a Heads of Terms agreement with independent French spirits company, La Martiniquaise, for the sale of the Glen Moray Distillery in Elgin and the Glen Moray single malt Scotch whisky brand.
As reported, the sale of the Glen Moray Distillery represents an important part of its re-organisation plans announced in July, which incorporate a major investment programme worth £45 million.
The company will focus on developing its premium, international single malt Scotch whisky brands – Glenmorangie and Ardbeg – to meet the growing demand for single malt whisky in key and emerging markets such as Asia, Europe and the USA.
According to the company, the Glen Moray Distillery will be sold as a going concern and it is expected that all the existing employees will transfer to the new owners as part of the sale agreement.
The deal is expected to formally complete before the end of October.
The Glenmorangie Company Chief Executive Paul Neep said: “We believe that La Martiniquaise will provide an excellent “˜home’ for the Distillery, the brand and its employees and they will continue to develop and expand the Glen Moray brand.”
ABOUT GLEN MORAY
Glen Moray Distillery was originally built as a brewery in 1831 and was converted to a distillery in 1897. The Glenmorangie Company has owned the distillery since 1920. Glen Moray is a high quality single malt whisky from the heart of Speyside and is the fifth best selling single malt in the UK.
ABOUT LA MARTINIQUAISE
La Martiniquaise, headquartered near Paris, is a major spirits group in France. The company has significant Scotch whisky operations at Bathgate, West Lothian, where leading Scotch whisky brands in France Glen Turner single malt and Label 5 blended Scotch whisky are bottled.
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