01.06.2016 14:45:00
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Brown-Forman Completes Acquisition of The GlenDronach, BenRiach, and Glenglassaugh Single Malt Scotch Whiskies
Brown-Forman Corporation (NYSE: BFA) (NYSE: BFB) announced today that it has completed its acquisition of The BenRiach Distillery Company Limited for £281 million. The purchase, which brings three outstanding Single Malt Scotch Whisky brands – The GlenDronach, BenRiach, and Glenglassaugh – into Brown-Forman’s growing whiskey portfolio, includes brand trademarks, three malt distilleries, a bottling plant, and the company’s headquarters in Edinburgh, Scotland.
"With this acquisition, Brown-Forman re-enters one of the spirits industry’s most exciting and consistent growth segments, Single Malt Scotch Whisky,” said Brown-Forman Chief Executive Officer Paul Varga. "The GlenDronach, BenRiach, and Glenglassaugh single malt brands are among the finest Single Malts in the world and we look forward to continue building them around the globe.”
The GlenDronach Distillery, located in the hills of the Scottish Highlands, was founded in 1826. GlenDronach produces a range of ultra-premium single malt whiskies and is most noted for its richly sherried whiskies. Located in the heart of Speyside, The BenRiach Distillery began making malt whisky in 1898 and is known for experimenting with wood finishes producing whisky from both non-peated and peated malted barley. The Glenglassaugh Distillery, founded in 1875, is located on the coast in the northern Scottish Highlands overlooking the North Sea producing a coastal Highland malt.
For more than 145 years, Brown-Forman Corporation has enriched the experience of life by responsibly building fine quality beverage alcohol brands, including Jack Daniel’s Tennessee Whiskey, Jack Daniel’s & Cola, Jack Daniel’s Tennessee Honey, Gentleman Jack, Jack Daniel’s Single Barrel, Finlandia, Korbel, el Jimador, Woodford Reserve, Canadian Mist, Herradura, New Mix, Sonoma-Cutrer, Early Times, and Chambord. Brown-Forman’s brands are supported by nearly 4,400 employees and sold in approximately 160 countries worldwide. For more information about the company, please visit http://www.brown-forman.com/.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160601005981/en/
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