Pernod Ricard sells, through its subsidiary Chivas Brothers Limited, the Glenallachie Distillery to Billy Walker, Graham Stevenson and Trisha Savage
Pernod Ricard announces today the signing of an agreement with Billy Walker, Graham Stevenson and Trisha Savage, comprising The Glenallachie Consortium, for the sale of the Glenallachie Distillery, located in Scotland.
The transaction also includes the Glenallachie single malt brand, MacNair’s and White Heather blended scotch brands, and relevant inventories to support future development of those brands.
The disposal is in line with Pernod Ricard’s strategy to focus on its priority spirits and wines brands and to adjust its industrial footprint to its needs.
The closing of the transaction is subject to customary conditions and is expected to take place before the end of 2017.
The Glenallachie Consortium was advised in this transaction by Macdonald Henderson (legal) and Grant Thornton (accountancy and tax). Pernod Ricard was advised in this transaction by Fluxion Advisors Limited and Shepherd and Wedderburn LLP.
About The Glenallachie Consortium
Billy Walker is one of the most recognisable characters in the Scotch whisky industry, having now been involved in the industry for over 40 years. With a degree in chemistry Billy has been involved in most aspects of the production of Scotch whisky, having spent time at Ballantines, Inver House Distillers and Burn Stewart. More recently he was instrumental in establishing and building the BenRiach Distillery Company prior to its sale in 2016.
Graham Stevenson is a Chartered Accountant who has spent almost 30 years in the Scotch whisky industry. He initially joined the North British Distillery Company in Edinburgh before moving to Inver House Distillers in 1994. He has remained there for the past 23 years, most of that time as managing director.
Trisha Savage has over 30 years’ experience in the Scotch whisky industry. Starting at Burn Stewart she has worked closely with Billy throughout her career and was also instrumental in establishing and building the BenRiach Distillery Company.
The mission is to be a wholly Scottish owned, Scottish based, and truly independent Scotch whisky company producing excellent whiskies and offering them to the market at premium but affordable prices.