Bruichladdich Distillery, the progressive and Independent Hebridean distiller, announced today that an agreement has been reached for Remy Cointreau to purchase the entire share capital of Bruichladdich distillery Ltd, the completion of the transaction is expected to occur within 6 weeks and marks the group's first move into the premium single malt Scotch whisky market, a category experiencing strong growth all over the world, especially in the very high-end segment. This deal sustains RÃ©my Cointreau's long term value strategy, geared to investing into international premium spirits with strong â€œsavoir-faireâ€.
Bruichladdich, the progressive Hebridean distiller, was purchased in December 2000 by Mark Reynier and a group of private investors who resurrected the Victorian distillery developing it in to an exciting brand with worldwide acclaim. Total transaction value amounts to Â£58m, comprising of Â£48m for the acquisition of the entire share capital of Bruichladdich and estimated debt of Â£10m that RÃ©my Cointreau will assume.
Jean-Marie Laborde, Chief Executive Officer of RÃ©my Cointreau said: â€œThe acquisition of Bruichladdich, a renowned Islay single malt with a rich and exciting heritage, is a great opportunity to enrich our high-end portfolio of brands and to confirm our strategy in the spirits luxury segment. We expect Bruichladdich to sit proudly alongside our other brands and we look forward to working closely with Bruichladdich's experienced and passionate management teamâ€.
Sir John Mactaggart, Chairman of Bruichladdich declared: â€œThis is an excellent transaction for Bruichladdich, the Islay community and a wonderful opportunity for the company to reach its full potential, under the stewardship of RÃ©my Cointreau with their strong distribution network and their experienced brand development. I'm confident that Bruichladdich will establish itself as one of the Scotch whisky industry's best known and acclaimed premium brands.â€