THE UK subsidiary of Rémy Cointreau is close to concluding a £58 million acquisition of the Bruichladdich distillery.
The Cognac house has agreed a deal to purchase the entire share capital of the Islay single malt Scotch whisky distiller for £48m in addition to assuming debt worth £10m.
Chief executive officer Jean-Marie Laborde described the deal, which marks the group’s first move into Scotch whisky, as a “great opportunity” to enrich the company’s high-end brands portfolio.
“We expect Bruichladdich to sit proudly alongside our other brands and we look forward to working closely with Bruichladdich’s experienced and passionate management team,” he said.
Mark Reynier led a group of private investors to buy the then mothballed Hebridean distillery in 2000 before going on to develop Bruichladdich as a global brand. Chairman Sir John Mactaggart said the deal was “an excellent transaction for Bruichladdich”.