FDBusiness.com

Pernod Ricard has agreed to sell its Glenallachie Distillery, located in Scotland, to a consortium comprising Billy Walker, Graham Stevenson and Trisha Savage. 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.